According to Michael Terpin, a well-known early bitcoin investor and author, the cryptocurrency's price has not yet reached its lowest point and is unlikely to achieve a new all-time high this year. Terpin, often referred to as the 'Crypto Godfather,' believes that bitcoin needs to plummet to approximately $57,000 by October before it can start to rise again. This prediction is based on his analysis of the crypto calendar and the historical patterns of bitcoin's price movements. However, not all experts agree with Terpin's forecast, with some arguing that the market has not yet fully capitulated and that the bottom may still be ahead.
