Disagreements over Bitcoin's outlook are widening; market sentiment has already plunged into an extreme panic vortex.

The cryptocurrency market has recently fallen into a state of low sentiment. According to Alternative data, the Fear and Greed Index has declined for two consecutive weeks to 23, indicating extreme fear. Throughout December, market sentiment has remained low, with investors showing clear lack of confidence. Real-time data further reflects a strong bearish atmosphere, with 46.79% of participants holding a bearish outlook.

Experts Show Divergence in Bitcoin’s Future Outlook

Regarding Bitcoin’s performance in 2026, industry opinions are clearly divided. The optimistic camp, represented by PlanC and Bitwise Chief Investment Officer Matt Hougan, bases their positive outlook on historical patterns. PlanC points out that Bitcoin has never experienced two consecutive years of decline, and thus expects a reversal in 2026; Matt Hougan also maintains an optimistic stance.

Conversely, veteran trader Peter Brandt and Fidelity Global Macro Research Head Jurrien Timmer hold opposing views. They believe 2026 could be a year of adjustment for Bitcoin, with prices possibly falling back to the $60,000 to $65,000 range.

Cryptocurrency Market Sentiment Continues to Remain Under Pressure

Currently, the persistent low levels of the Fear and Greed Index reflect widespread caution among investors. Against this backdrop, predictions for the future trend of cryptocurrencies have become more complex and diverse, with different institutions and traders reaching very different conclusions based on their respective logical frameworks.