Bitcoin Won’t Hit New Peak This Year, Predicts Veteran Investor Expecting October Dip
A prominent early adopter of Bitcoin has delivered a sobering forecast for the cryptocurrency’s performance throughout 2026, suggesting the digital asset still has room to fall before any sustained recovery begins.
The investor, known for authoring Bitcoin Supercycle, projects that BTC will decline to approximately $57,000 during October before reversing course and starting an upward trajectory. This prediction effectively rules out any possibility of Bitcoin establishing fresh record highs before the year concludes.
The bearish outlook stands in contrast to more optimistic projections that have circulated within the crypto community following Bitcoin’s volatile performance over recent months. However, not all market observers share this pessimistic view, with at least one analyst publicly challenging the October bottom thesis.
This forecast carries particular weight given the source’s early involvement in Bitcoin and established track record of market commentary. The specific October timeline suggests a potential correlation with seasonal trading patterns or macroeconomic factors that have historically influenced crypto markets during the final quarter.
The prediction also implies that current price levels, while below previous peaks, have not yet found genuine support among institutional and retail investors. Such a decline to $57,000 would represent a significant correction from present valuations and could test the resolve of long-term holders.
Investors should monitor Bitcoin’s price action as autumn approaches to determine whether this prediction materializes.
Source: CoinDesk | This article has been independently rewritten by Block Digest. Original reporting credit to the source.
Disclaimer: This content is for informational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions.
