'Crypto Godfather' says bitcoin has not reached its bottom and a new all-time high is off the table for 2026
The early bitcoin investor and author of Bitcoin Supercycle says bitcoin needs to drop to about $57,000 sometime in October before beginning its ascent. A market analyst disagrees.
Bitcoin is likely to experience downward pressure in the short term, potentially testing the $57,000 level before any upward movement. The disagreement among analysts may lead to increased volatility.
The early bitcoin investor and author of Bitcoin Supercycle says bitcoin needs to drop to about $57,000 sometime in October before beginning its ascent. A market analyst disagrees.
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