Bitcoin Could Bottom Near $57,000 by October 2026 Despite Rebound, Analyst Says

Bitcoin has rebounded recently, but the cryptocurrency could still face further losses through October, according to market analysts.

Cointelegraph reported on April 26 that crypto investor and analyst Michael Terpin sees Bitcoin bottoming near $57,000 in October 2026.

Terpin based that view on a historical pattern in which the market typically spends about a year declining after a cycle peak. Bitcoin entered a correction after climbing above $126,000 in October 2025 and setting a high.

A return to a bull market would require Bitcoin to reclaim $100,000, he said. Terpin cited strong spot exchange-traded fund buying, continued Bitcoin accumulation by Strategy, and a market environment free of liquidation-driven selloffs from sharp declines as key conditions.

The current backdrop still presents headwinds. Bitcoin was trading around $78,000, with oil-price volatility, geopolitical risks in the Middle East and limited liquidity weighing on prices.

Some analysts also see more near-term downside. They have pointed to a possible correction toward $73,000, with losses extending to around $65,000 if the 21-week exponential moving average, or EMA, acts as resistance.

Market sentiment remains subdued as well. Crypto market analyst Matthew Hyland said investor interest and signs of overheating remain limited despite the recent rebound, adding that further declines could continue through October.

Interest-rate expectations are another variable. Ahead of the Federal Open Market Committee meeting, markets are increasingly pricing in a pause, while limited expectations for monetary easing are constraining upside for risk assets.