Bitcoin Price Rises on Liquidity But 2026 Rally May Be Capped by Halving Cycle, Schwab Warns

Bitcoin (BTC) is experiencing a price boost driven by global liquidity conditions, according to analysis from financial giant Schwab. However, the firm cautions that the anticipated "halving cycle" could act as a significant limiting factor for the next major bull run, projected for 2026. Analysts point to the current influx of capital as a primary short-term driver for BTC's valuation. Looking ahead, the cyclical nature of Bitcoin's halving events—which reduce the reward for mining new blocks—historically influences long-term price trends. Schwab's assessment suggests that while liquidity provides immediate support, structural supply-side dynamics from the halving may temper the scale of the expected rally in the mid-term, urging investors to consider both macroeconomic and protocol-specific factors.