Bitcoin's Next Bottom? Analyst Points to October 2026 Based on Historic Price Rhythms
A prominent analyst suggests that Bitcoin's next market bottom could occur around October 2026, drawing insights from the cryptocurrency's remarkably consistent price cycles. This projection offers a fascinating look into how historical patterns might continue to influence Bitcoin's future trajectory.
Unpacking Bitcoin's Historical Cycles
Analyst Ali Martinez, known for his in-depth market observations, highlights a surprising rhythm in Bitcoin's major price cycles. Historically, Bitcoin has consistently taken approximately 364 days to transition from a bull market peak to its subsequent bear market bottom. This pattern was clearly evident in both the 2017 and 2021 market cycles. Should this established rhythm persist, Martinez contends that Bitcoin is currently within this 364-day correction phase, leading to a projected bottom in October 2026. This long-term outlook underscores the cyclical nature often observed in cryptocurrency markets.
Price Targets and Short-Term Outlook
Beyond timing, Martinez also addressed potential price levels. Examining previous bear market drawdowns—84.22% in 2018 and 77.57% in 2022—he suggests a potential 70% drawdown for the current cycle. Such a decline would place Bitcoin's price target at approximately $37,500. However, the short-term landscape presents a more neutral picture. Recent trading activity shows Bitcoin oscillating within a Parallel Channel on its 4-hour chart. After testing the lower support line last week and subsequently rebounding to the middle zone, the asset currently lacks a clear directional bias. As of the latest update, Bitcoin is trading around $87,300, showing a modest 0.7% gain over the past seven days.
