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Bitcoin Correction Timeline: Analyst Predicts Potential Bottom In October 2026
As Bitcoin (BTC) struggles to stay below $90,000, market sentiment is leaning towards a potential bear market. Analyst Ali Martinez compares historical market cycles to predict Bitcoin's path.
Bitcoin Market Patterns
- Martinez notes it takes about 1,064 days for Bitcoin to move from a market bottom to a peak and around 364 days to return to the next bottom.
- The first cycle: bottom in January 2015, peak in December 2017 (1,064 days), followed by a 364-day bear market ending in December 2018.
- The second cycle: bottom in December 2018, peak in November 2021 (1,064 days), with a subsequent downturn bottoming in November 2022 at $15,500.
Next Bottom At $37,500?
- Currently in the third cycle, after a bottom in November 2022 and a peak above $126,000 in October.
- Based on historical patterns, a potential bottom could occur around October 2026, approximately 288 days away.
- Past bear markets saw corrections of 84% (2017-2018) and 77% (2021-2022), averaging an expected 80% retracement.
- This suggests Bitcoin's next bottom might be around $37,500.
Bitcoin is currently trading slightly above $88,290, marking a 30% gap from the recent peak.