🔥Analyst: Bitcoin may fall to $57,000 by October 2026, based on historical average retracement


On April 27, Bitcoin investor and writer Michael Terpin stated that despite Bitcoin rising over 29% from the February low of around $60,000, its price could still fall to $57,000 by October 2026. This prediction is based on an "average" historical retracement from cycle top to bottom of about one year, with the cycle top occurring in October 2025, when BTC surged above $126,000. Terpin said Bitcoin needs to re-establish above $100,000 to resume a bull market, which may happen after the price breaks below the 200-week moving average. Recently, crypto assets have continued to face pressure from oil price fluctuations, Iran conflicts, and liquidity shortages, along with U.S. interest rates…
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