Bitcoin Faces 31% Short-Term Pullback, but Institutional Demand Could Drive BTC Above $200K by 2026, Says Arete Capital’s McKenna

In Arete Capital partner McKenna’s latest market outlook, the near term remains vulnerable for Bitcoin with meaningful downside risk, potentially as deep as 31%. Bitcoin has slipped below the weekly 50‑period moving average, signaling added downside pressure. Key support anchors sit near $96,200 (high‑volume node), $93,300 (yearly open), and the broad $86,000–$91,000 zone.

McKenna notes two established basing points around $92,000, implying a cautious, phased entry for long positions. While a near‑term correction is expected, the pullback could be viewed as an opportunity to accumulate spot exposure rather than abandon the asset, aligning with a longer‑term Bitcoin price forecast.

Over the longer horizon, rising institutional demand, growing ETF holdings, and renewed fund inflows could underpin a renewed upside trajectory. Although precise timing remains uncertain, a sustained liquidity backdrop and risk appetite return could push Bitcoin to test new highs in the coming years.