Bitcoin May Hit Cycle Top With Potential Drop to $38,000

A market expert predicts that Bitcoin (BTC) may reach a bottom within the next 328 days, with potential prices ranging from $38,000 to $50,000.

Bitcoin Price Predictions

Bitcoin's current performance lags behind US stock markets and gold.
The cryptocurrency is trading nearly 20% below its peak of $126,000 reached earlier in October.
Current consolidation is just above the $100,000 mark amid investor uncertainty and selling pressure.

Analyst Ali Martinez forecasts a bottom around October 2026, suggesting a potential drop of 51% to $50,000 or 63% to $38,000 in a pessimistic scenario. His analysis is based on historical market cycles, noting consistent patterns of 1,064 days between bear market bottoms and bull market peaks.

Market Cycle Observations

The ongoing cycle started in November 2022 and is approaching 1,082 days, indicating a possible cycle top.
Martinez suggests the market is entering an "early stages of a post-peak retracement phase."

Bitcoin

Currently, Bitcoin trades at $103,320, down 3% in the past 24 hours, according to CoinGecko data.