TechFlow to a report by Cointelegraph on December 27, the cryptocurrency fear and greed index was 23, according to Alternative data, indicating that the market has been in a state of "extreme fear" for two consecutive weeks.
Market sentiment remained low for most of December, and industry analysts had differing opinions on Bitcoin's performance in 2026.
For example, PlanC believes that Bitcoin has never experienced two consecutive years of annual decline, so it will usher in a bull market next year. Bitwise's chief investment officer, Matt Hougan, is also optimistic about the rise next year. However, veteran trader Peter Brandt and Jurrien Timmer, head of global macroeconomic research at Fidelity, believe that 2026 may be a "slump year" for Bitcoin, with prices potentially falling to the $60,000-$65,000 range.
