Analyst Who Called Cycle Top Says Bitcoin Bottom Could Be At $28,500 — Here’s When
Bitcoin's price recently dropped below $60,000 for the first time in 2024, amidst a broader market sell-off. A crypto analyst, CryptoCon, who claims to have sold at the cycle top, now projects a potential bearish bottom for Bitcoin. Using a proprietary "Bear Bands" indicator, the analyst suggests BTC could first decline to a second bear band target around $44,500 between August and October. However, the predicted cycle low is on a third bear band at approximately $28,500, potentially reached between November 2026 and January 2027. This level has historically marked the low before a new bull cycle. As of the report, Bitcoin trades near $61,850, down over 15% in the past week. The analyst advises patience, emphasizing the importance of waiting for optimal entry conditions.
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