Grok AI flags BTC's 50% drop as accumulation zone, targets…

Elon Musk's Grok AI has analyzed Bitcoin's weekly chart — down more than 50% from its $126,000 all-time high set in October 2025 — and identified the current price range as a classic accumulation zone, projecting a move to $150,000–$225,000 by end of 2026. With BTC trading around $62,800, that represents a 2.5x to 3.5x call from current levels.

Why it matters

The thesis rests on a supply-demand supercycle: post-halving issuance compression collides with structural demand from spot ETFs, corporate treasury adoption, and potential Strategic Bitcoin Reserve momentum — all pulling on a shrinking float. Grok's read is that this is a correction inside a larger uptrend, not the start of a multi-year bear market. The RSI on the weekly sits at 33.97, pressing toward oversold, with the signal line at 40.40 — a gap that has historically marked major cycle lows. A curl back above 40.40 would flip the long-term momentum read bullish.

Market impact

Key support sits at $60,000, with deeper floors at $55,000 and $50,000. Resistance stacks at $70,000, $80,000, and $90,000. The $55,000–$70,000 band is the same shelf that served as the launchpad before BTC's last major leg higher. The bear case — prolonged macro headwinds keeping BTC range-bound between $50,000 and $75,000 into late 2026 — is framed as the minority scenario, with the institutional bid and repeating cycle structure making a deep bear market unlikely from current levels.