Bitcoin Price Forecast Points to Possible $57K Bottom Amid Cycle Correction

Bitcoin may still be heading toward a deeper correction, with some analysts projecting a potential bottom near $57,000 in October 2026. The outlook comes after BTC rebounded more than 29% from its February low near $60,000, but failed to break through the $80,000 resistance zone, which is now seen as a key barrier before any attempt to reclaim the $100,000 psychological level.

The projection is based on the “historical average” drawdown pattern that typically follows cycle tops. Bitcoin previously reached an all-time high above $126,000 in October 2025, which some analysts mark as the last market peak before a broader correction phase.

Key Technical Levels and Market Pressure

Terpin noted that reclaiming $100,000 would require strong ETF inflows and continued accumulation from large holders such as Michael Saylor, alongside reduced liquidation pressure. Without these conditions, he sees limited probability of a sustained breakout this year.

Macro Conditions and Short-Term Risks

Current Bitcoin trading around $78,687 is also influenced by macroeconomic uncertainty, including volatile oil markets, geopolitical tensions involving Iran, and unchanged US interest rates. Market sentiment ahead of the Federal Reserve meeting shows expectations of no rate cut, reinforcing cautious positioning.

Analysts suggest the recent rally may be losing momentum, with potential downside targets near $73,000, $65,710, or lower if key moving averages continue acting as resistance.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.