Grok AI, the language model from xAI, is betting big on Bitcoin this cycle. The model predicts the world's largest cryptocurrency could trade between $120,000 and $150,000 by the end of 2026. That's a roughly 87% to 134% gain from today's price of $64,025 — and it would smash the current all-time high of $128,000 set back in October 2025.
The case for a rally
Grok's bull thesis leans on a handful of structural shifts. The 2024 halving locked daily Bitcoin issuance at around 450 BTC, cutting new supply in half. At the same time, demand keeps piling in from ETFs, corporate treasuries, and wealth platforms. Long-term holders now control more than 80% of circulating coins, and exchange inventories are shrinking — a classic supply squeeze setup.
Then there's the policy side. The model points to the CLARITY Act, a potential Fed pivot, the Strategic Bitcoin Reserve, and steady ETF inflows as catalysts. Historical post-halving windows and the current institutional era, Grok argues, support a retest of the $126,000 level and a push into six-figure territory.
The bear case
It's not all blue skies. Grok also lays out a scenario where Bitcoin stays stuck. Prolonged high interest rates, stalled regulation, or ETF outflows could keep the price between $50,000 and $75,000. That range would feel familiar to anyone who watched the 2025 rollercoaster: Bitcoin topped near $128,000 in October, then crashed to $60,000. It recovered to $82,000 by May, only to flush back to $60,000 in June. The current price of $64,025 sits just above that June low.
What to watch
Right now, Bitcoin is trading up 0.89% on the day, with a range of $63,270 to $64,360. The signal line sits at 49.91 versus 50.38 — near neutral for the past 10 months. Key support sits at $60,000, then $52,000. On the upside, resistance is at $68,000, $73,000, and $82,000.
The next major test for Bitcoin will be whether it can hold support at $60,000 as the market awaits clarity on the Fed's rate path and the CLARITY Act's progress. Meanwhile, the article also promotes Kalshi and a ByBit airdrop — a reminder that even in a sideways market, the crypto industry keeps finding ways to market itself.
