On December 28 2025, Glassnode lead analyst James Check argued that Bitcoin can extend its upward trend without requiring declines in gold or silver. Other strategists expect the Bitcoin-to-gold ratio, currently near 20:1, could slide toward 10:1 by 2026, even as both assets retain strong long‑term cases. Despite Bitcoin's drop of almost 30% from its October all‑time high and diverging sentiment indices, several industry figures still anticipate robust BTC performance and potentially steadier gains over the coming decade.

In 2025, Bitcoin saw the launch of a U.S. Strategic Bitcoin Reserve under President Donald Trump, rising institutional ETF flows and a new all-time high above $126,000 before a sharp October reversal. After a $19 billion liquidation event, BTC slipped below key psychological price levels and hovered near $90,000 as indicators pointed toward the start of a bear cycle and investors increasingly rotated into traditional assets such as gold.

On Friday and Saturday, several analysts argued that Bitcoin does not need a correction in gold or silver prices before resuming its rise, despite gold and silver reaching record highs. Lyn Alden attributed the recent strength of the Bitcoin-to-gold ratio to Bitcoin's prior year of stagnation versus a strong year for gold, while market data shows gold up about 60% this year and Bitcoin down 7.2%. Some industry executives expect Bitcoin's current downtrend, including a near 30% drop since its October all-time high, to reverse in 2026.

Bitcoin is heading for a 19.15% drop in Q4, with short-term holders selling at a loss, extreme fear dominating sentiment, and ETF outflows weighing on liquidity. On-chain indicators such as SOPR and MVRV suggest capitulation could continue for another few months, yet some analysts expect the asset's maturing volatility profile and institutional demand to help it reach new highs in 2026.

On December 28, 2025, Bitcoin critic and gold advocate Peter Schiff warned that BTC could move in the opposite direction of silver after the metal's price spiked. Silver climbed from about $78 to over $79 per ounce in roughly ninety minutes, marking a new all-time high and more than 10% gain in a short window. With Bitcoin hovering near $87,000 and major cryptocurrencies posting only modest daily gains, Schiff argued that market corrections can accelerate quickly under stress.

Bitwise chief investment officer Matt Hougan told CNBC that Bitcoin is likely to deliver strong but not extraordinary returns with lower volatility over the next 10 years, while he still expects 2026 to be a positive year. He attributed Bitcoin's year-end pullback and roughly 30% decline from its October all-time high of about $125,000 partly to a fast-moving retail crowd taking profits, while slow institutional accumulation may be cushioning deeper drawdowns.

Bitcoin remains confined within a falling range as Kamile Uray flags $90,588 and the descending trendline as must‑clear levels, with supports at $83,822–$82,477 and $74,496–$71,237. The Penguin notes lower‑time‑frame moves look less impulsive but the structure holds; a daily close above $90,500–$94,130 would signal bullish confirmation while select altcoins show momentum.

U.S. Senator David McCormick disclosed multiple Bitwise Bitcoin ETF transactions executed in late November 2025, with total purchases reported at up to $200,000. The trades, some filed a month after execution, have drawn attention because he sits on Senate committees overseeing banking and digital assets, although they remain permissible under current law.