Bitcoin due 2026 bottom as exchange volumes grind lower: Analysis
New analysis suggests Bitcoin's next price bottom may not arrive until October 2026, driven by declining exchange volumes.Summary
Crypto commentator Jason Pizzino forecasts that Bitcoin (BTC/USD) may not reach its long-term bottom until as late as October 2026, referencing the 18-year cycle theory. He argues that the current market lacks the necessary conditions for a short-term bull market comeback, noting that trading volume is grinding lower, similar to late 2022/early 2023, which precedes 'shock moves' when most participants are not watching. Meanwhile, onchain analytics platform CryptoQuant observes that selling pressure is easing as large players decrease their transfers into exchanges. Sustained reductions in selling pressure could potentially drive BTC/USD to $99,000, which aligns with the lower band of the Trader On-chain Realized Price bands, with further resistance expected at $102K and $112K.
(Source：Cointelegraph)