A partner at Arete Capital believes Bitcoin is unlikely to reach new highs this year, but could break $150,000 in the second half of next year.

According to Mars Finance, on November 14th, McKenna, a partner at Arete Capital, pointed out in his market outlook that Bitcoin still has significant room for a short-term correction, with a maximum drop of up to 31%. However, in the long term, institutional buying and capital inflows will drive prices to new highs in the coming years. McKenna stated that Bitcoin has broken below the 50-week moving average, which may trigger further downward pressure. Potential support zones include $96,200 (a high-volume trading area), $93,300 (the opening price at the beginning of the year and the midpoint of the range), and the $86,000–$91,000 range (if a full correction occurs, it would correspond to approximately a 31% retracement). He pointed out that the price has found support twice near $92,000, which is generally considered a good entry point for phased entry. Although a short-term correction is expected, McKenna emphasized that he would view the pullback as an opportunity to increase spot holdings. He believes that Bitcoin may not break its all-time high in 2025, but the price is expected to rise above $150,000 in the second half of 2026 and break $200,000 before the end of President Trump's term. He anticipates that institutional demand, increased ETF holdings, and a new wave of capital inflows in 2026 will be key drivers of the long-term upward trend.