- Analyst PlanC suggests Bitcoin‘s recent drop to $77,000 could mark the lowest point of this bullish cycle.
- While some predict a deeper correction to $60,000, PlanC believes the ultimate low may be between $75,000 and $80,000.
- Other experts, including Fidelity‘s Jurrien Timmer, warn that 2026 could see Bitcoin prices potentially fall further.
On Saturday, Bitcoin experienced a sharp 7% decline to approximately $77,000, sparking intense debate among market analysts. This recent downturn, which saw the asset down 11.44% over the past month according to CoinMarketCap, has been compared by analyst PlanC to major historical capitulation events.
“Decent chance this will be the deepest pullback opportunity this Bitcoin bull run,” PlanC said in a weekend post on X. He noted similarities to the bear markets of 2018 and 2020, as well as the collapses linked to FTX and Luna. PlanC now places the potential cycle low between $75,000 and $80,000, a level roughly 38% below Bitcoin’s October all-time high of $126,100.
However, not everyone shares this optimistic bottom call. Veteran trader Peter Brandt forecasts a potential drop to $60,000 as late as the third quarter of 2026. This bearish sentiment finds some alignment with analyst Benjamin Cowen, who expects a true market cycle low in early October.
Meanwhile, Jurrien Timmer from Fidelity warned that 2026 might be a “year off” for the cryptocurrency, with prices possibly falling to around $65,000. Consequently, caution remains prevalent among many seasoned market observers.
In response to the volatility, Bitcoin advocate Rajat Soni advised traders to avoid overreacting, especially during weekend price swings. “Never trust a weekend pump OR dump,” Soni said.
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