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Bitcoin may test $55K support amid ETF outflows and macro pressure, with a bottom expected by late 2026.

Analyst Insights
24 Jun 2026
Bitcoin
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Bearish
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Crypto research firm 10x Research forecasts Bitcoin could drop to around $55,000 before the current cycle bottom forms, likely between late August and October 2026. The main driver of this decline is large spot Bitcoin ETF outflows, not corporate selling, compounded by macroeconomic pressures like high inflation and strong USD. Onchain data and historical patterns support $55,000 as a key support level, with prediction markets assigning about a 64-65% chance Bitcoin hits this level or lower before 2027. Analysts expect a gradual base-building phase rather than a sudden rebound at this bottom.

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