Analyst: BTC rebounds to $80K, plunges to $40K by Oct 2026

Crypto Bullet sees a last bounce in Bitcoin, then a deeper leg. He maps $80k–$85k next, then ~$40k by September–October 2026.

The analyst says bears still control the trend. He tracks a “Double ZigZag (WXY)” structure on BTC. His call contrasts with views that <$60k marked the bottom. Sources: NewsBTC on bear trend, NewsBTC on $60k bottom view, Crypto Bullet’s thread on X.

He notes long consolidation at $62k–$78k versus brief trade at $84k–$97k in Nov 2025–Jan 2026. He reads this as bearish structure in play. Source: Crypto Bullet’s chart.

Price popped back above $78k. He thinks that’s corrective, not a new uptrend. Source: Bitcoinist on $78k rebound.

He targets one more push to $82.5k–$85k. Then reversal. Source: Crypto Bullet’s levels.

Wave map
- Wave W ended after the October 2025 peak above $126k and a slide to $60k in February 2026. Sources: Bitcoinist on $126k peak, Bitcoinist on $60k in Feb 2026
- Wave X started off $60k and could finish above $80k. Source: Crypto Bullet’s projection
- Wave Y would follow as the final leg down. Source: Bitcoinist on bottom mechanics

Bottom call and timing
- Bottom target near $40k, a ~50% drop from $80k. Window: September–October 2026. Source: Bitcoinist on ~$40k bottom and timeline
- He estimates about five months left in the bear market, consistent with past cycles he tracks. Source: Bitcoinist on bear market timing
- Analyst Tony Severino sees this path as the most likely. Source: Tony Severino on X

Headline
Crypto Bullet: BTC to $80k–$85k, then ~$40k by Sep–Oct 2026