Bitcoin News Today: BTC Consolidates Near $90,000 as Analyst Flags 2020-Style Setup

Bitcoin continues to grab headlines with its current market scenario. A crypto analyst known as Kaleo has predicted that Bitcoin could follow a 2020-style bullish setup and extend gains into 2026. In a post on X, the trader compared the current Bitcoin price structure with the fall of 2020 after a crash recovery. Bitcoin traded near $87,943 at the time of writing, while traders watched the $90,000 ceiling.

Traders tracked liquidation clusters near $84,000 and above $90,000, which can trigger exits. As weekend liquidity thins, those zones amplify swings in order books.

Kaleo said Bitcoin lost a long-held support line in both periods, then built a new range after a deep retracement. He also argued that equities continue to set new highs, while Bitcoin appears “boring,” which can precede a narrative shift. Based on the chart shared in the thread, he identified $140,000 as a potential Bitcoin price level for 2026.

Bitcoin Analyst Kaleo Sees 2020 Echo, Targets $140,000 in 2026 Chart

Kaleo said the market sits in a comparable phase to 2020, with Bitcoin rebuilding after a sharp swing lower. He said that the setup can precede a renewed impulse move once buyers reclaim key resistance. He also said the next major highs may arrive in 2026.

Kaleo also challenged the four-year cycle view tied to the Bitcoin halving schedule. He described a more extended bull phase that could run “higher for longer,” with stronger altcoin rotations and broader retail participation. He framed that outlook as a supercycle thesis rather than a standard post-halving peak.

Bitcoin Options Expiry Eases Gamma Pin, Lifts $90,000 Breakout Odds

Meanwhile, options-related positioning has shaped near-term Bitcoin price action. Analysts tracking dealer hedging said concentrated gamma exposure kept BTC pinned in a tight band. They estimated approximately $415 million in total gamma exposure for near-dated expiries, with around $287 million tied to December 26.

After that expiry passed, the same analysts said the market can shift toward flow-driven trading. They said the unwind does not force selling, but it can remove the dampening effect on volatility. As a result, Bitcoin could see cleaner moves if spot volume and demand confirm direction.

Also Read: Bitcoin News Today: Bitcoin Metrics Shift as Liquidity Tightens Across Markets

Bitcoin Signals and Liquidation Zones Map $84,000–$95,000

On-chain analysts said that Bitcoin has returned to a fair-value zone after months of overvaluation. Root said a fair-value model that includes realized cap, coin days destroyed, and liquid supply placed BTC near equilibrium. Axel Adler Jr. said short-term holder pressure reached a rare balance, with buying and selling pressure aligning.

Derivatives data also flagged nearby liquidity pockets that could attract price. A liquidation heatmap from CoinGlass highlighted $83,500 and $94,700 as notable magnetic zones, with added liquidity between $90,000 and $92,700. Chart-based levels also indicated $84,000 as a downside pocket and $94,000–$97,200 as a potential rebound area that could meet sell orders.