Bitcoin research skewed bearish this week, with tactical downside calls dominating despite loud long-term bull cases.
Several strands of published research argued the near-term picture remains weak: lower highs and lower lows on the chart, higher global yields making non-yielding assets less attractive, and speculative flows rotating out of crypto and into AI equities. One tactical view sees further downside unless US legislation (the Clarity Act) advances by August, with another pointing to a year-end target near $30,000 as the bubble unwinds. A separate contrarian note flagged quantum-computing risk to Bitcoin's cryptography as underpriced, citing a shortening research timeline.
On the bull side, analysts framed BTC as still early in its "digital gold" arc — with spot ETFs and regulatory clarity lowering the risk profile — and as a decade-long structural hedge against US fiscal deterioration, with current levels described as a reasonable entry ahead of October. Long-horizon targets cited ranged from $250K to near $1M.