BTC Stuck at $92K as Fears of a 2026 Bottom Surge
Since Bitcoin’s all-time high, the crypto market has erased $1.2 trillion in capitalization—about 28% of its total value.
Quick overview
- Experts predict further downside for Bitcoin, which is currently trading at $92,665 after briefly dipping below $90,000.
- Despite the bearish sentiment, some analysts believe Bitcoin could present a buying opportunity by October 2026.
- The crypto market has lost $1.2 trillion in capitalization since Bitcoin's all-time high, indicating a significant downturn.
- Contrasting views exist, with some specialists forecasting a potential peak in the crypto cycle within the next 12 to 36 months.
Experts warned of further downside for the world’s largest cryptocurrency, while others remain optimistic about a potential rebound.
The cryptocurrency market is trading higher on Tuesday. Bitcoin (BTC), however, is down 0.6% at $93,361, according to Binance. Earlier in the morning, it briefly slipped below the $90,000 level. Ethereum (ETH) is rebounding 0.7% to $3,148.
Altcoins are also moving higher: XRP is up 1.2%, BNB rises 1.9%, and Solana (SOL) jumps 4%. Further behind, Lido Staked Ether (STETH) gains 0.5%, and Dogecoin (DOGE) posts broader gains of 0.5%.
What’s Next for Bitcoin?
Despite BTC falling to $89,000—its lowest level in seven months—a well-known crypto analyst issued a bold prediction on X, claiming that the world’s largest cryptocurrency could bottom out in October 2026.
His reasoning draws on two prior market cycles:
- the 2017–18 cycle, when Bitcoin hit a bottom in December 2018 after peaking in December 2017; and
- the 2021–22 cycle, when BTC reached its low in November 2022, one year after its all-time high.
Assuming Bitcoin set its latest market peak on October 6 at $126,200, the next bottom could arrive in October 2026, presenting what he described as an “ideal buying opportunity.”
Since Bitcoin’s all-time high, the crypto market has erased $1.2 trillion in capitalization—about 28% of its total value. According to the analyst, the asset class has effectively entered its “2025 bear market.”
However, other market specialists disagree, suggesting instead that the next crypto-cycle peak may arrive within the next 12 to 36 months. Meanwhile, the Crypto Fear & Greed Index has deepened its reading of “extreme fear”, reaching levels not seen since February.
- Check out our free forex signals
- Follow the top economic events on FX Leaders economic calendar
- Trade better, discover more Forex Trading Strategies
- Open a FREE Trading Account
Save