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Bitcoin likely bottomed near $60,000, says Coinbase CEO, but market remains uncertain.

Market News
19 Jul 2026
Crypto Briefing
View Source
Neutral
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Coinbase CEO Brian Armstrong believes Bitcoin's price bottomed around $60,000, citing historical halving cycles as evidence. This view follows Bitcoin's June low near $59,743, which was about 50% below its October 2025 peak of $126,000. However, market sentiment is mixed, with a poll showing 56% of respondents doubting the bottom is in, and on-chain data like Bitcoin's realized price of $53,600 suggesting caution. Armstrong's outlook depends on Bitcoin holding above this realized price; if it falls below, further declines may occur.

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