According to Michael Terpin, a well-known early bitcoin investor and author, the cryptocurrency has not yet reached its lowest point. Terpin, often referred to as the 'Crypto Godfather,' predicts that bitcoin's price will need to decline to approximately $57,000, potentially in October, before it can begin to rise.
He also believes that achieving a new all-time high is unlikely in 2026. Terpin's views are based on his analysis of the crypto calendar and the historical patterns of bitcoin's price cycles.
Despite his bearish outlook, some market analysts disagree with his assessment, citing factors such as renewed investment in U.S.-listed spot ETFs and bitcoin's resilience during recent global events. While some experts agree that the bottom has not yet been reached, they disagree with Terpin's timeline, suggesting that the market may not have fully capitulated. The debate surrounding bitcoin's future price movements highlights the complexity and uncertainty of the cryptocurrency market.