Analyst Predicts Bitcoin’s Bottom at $57,000

Bitcoin's price is expected to hit a cycle low of $57,000 in October, says investor Michael Terpin.

The price of the leading cryptocurrency is expected to hit a cycle low of $57,000 in October this year. This view was shared by investor Michael Terpin in a conversation with Cointelegraph.

The expert explained that his estimate is based on the “historical average”: it usually takes about 12 months from the peak (October 2025, when Bitcoin rose above $126,000) to the bottom.

According to Terpin, for the bull market to resume, the digital gold price must return to $100,000. Achieving this level is possible if the asset’s quotes fall below the 200-week moving average—a critical support level. However, the investor considers this scenario unlikely.

“There is a chance to see $100,000 this year, but it is small. Strong ETF demand, continued purchases by Michael Saylor’s Strategy, and no liquidations during a sharp drop are needed,” he added.

Other experts, including trader Peter Brandt, have also pointed to the potential bottoming out this autumn.

Should Bitcoin continue with the most remarkable cyclic patterns of any market in the past 15 years, an investable low is scheduled for Sep/Oct 2026. That low might or might not penetrate the Feb 2026 low. The next high (should patterns continue) will be between $300k and $500k…

— The Factor Report (@PeterLBrandt) April 23, 2026

Analyst Matthew Hyland noted that overall, investors are uncertain about the sustainability of the current market dynamics, despite the recent recovery. In his view, there is no euphoria or clear interest—many are simply interpreting the situation through the lens of their own biases.

It does appear to me the larger expected consensus outcome for #BTC is another leg lower by October

There does not seem to be much euphoria or interest; many just projecting it to fit their bias

Therefore the calls for lower whilst price rallies is a sign of disbelief https://t.co/NmDuBTPatD

— Matthew Hyland (@MatthewHyland_) April 25, 2026

“As it seems to me, the broader expected consensus outcome for Bitcoin is another drop by October,” he wrote.

Market Developments

At the time of writing, Bitcoin is trading around $77,800, having decreased by 0.3% over the past day. In the early hours of April 27, the asset’s price reached a local high of $79,400 before sharply retreating.

The Ethereum price fell by 0.2% to $2300. Most of the largest coins by market capitalization limited their correction to 0.5%.

The Fear and Greed Index has emerged from a prolonged phase of fear and shifted to a neutral level.

The market has been supported by U.S. spot Bitcoin ETFs and easing geopolitical tensions. Products based on the leading cryptocurrency attracted $823 million over the week.

“All this indicates that the market is returning to moderate risk positioning,” commented Dominic John of Zeus Research.

Research fellow Min Jun from Presto Research emphasized that the market has stopped reacting sharply to news from the Middle East due to investor fatigue. According to her, participants have shifted their focus to the upcoming FOMC meeting, which will take place on April 29.

The upcoming meeting could be the last for the current head of the Fed, Jerome Powell, noted market observer Nick Pakrin. His term expires in May.

Wednesday is Powell’s almost certain last FOMC meeting as Fed Chair.

Rate decision is almost certainly a hold flat.

Unfortunately, no dot-plot released at this meeting so we won’t have a sense of which way the FOMC is tilting for future cuts.

We’ll have to wait for the June…

— Nic (@nicrypto) April 26, 2026

Back on April 23, MN Trading founder Michaël van de Poppe predicted Bitcoin’s rise amid a low Sharpe ratio.