Michael Terpin, a veteran crypto investor, predicts Bitcoin's price bottom will occur in October 2026 near the 200-week moving average of about $57,000, following the 2025 cycle top which he believes is already behind us. He bases this on historical four-year Bitcoin cycles where tops and bottoms occur roughly a year apart, with the recent peak in 2025 followed by a 'Bitcoin fall' phase. Despite some bullish voices expecting a run to $215,000, Terpin sees the current cycle as a bear market underway, influenced by macroeconomic headwinds and delayed crypto regulations. Some analysts agree with a bottom in late 2026 around $60K-$75K, while others argue institutional buying could lead to a recovery earlier or higher prices. Terpin advises holding cash until clear market panic signals a good buying opportunity.
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