Bitcoin's $55,000 Bear Market Bottom Possible In Late 2026: Analysts
Cointelegraph
Analysts at CryptoQuant predict Bitcoin could hit a floor of $55,000 by late 2026 before entering a new accumulation phase.Summary
A recent analysis by CryptoQuant suggests that Bitcoin is likely to reach a bear market floor of approximately $55,000 in late 2026. The prediction is primarily based on the MVRV Z-score, a metric that evaluates whether Bitcoin is overvalued or undervalued. Currently, this indicator shows the market is cooling but has not yet reached the negative, undervalued territory that historically defines market bottoms. Once this floor is established, experts anticipate a two-year accumulation phase, potentially setting the stage for the next major bull run in late 2029.
(Source：Cointelegraph)