bitcoinbearcase

Terpin the ‘Crypto Godfather’ on BTC – Not Ready for Bottom and ATH in 2026

Michael Terpin, BTC investor, claims that BTC has not formed its bottom yet and will not make an ATH in 2026. A correction down to ∼$57,000 is anticipated by October.

Bear Thesis of Terpin on BTC
* Lack of BTC bottom: “No BTC bottom until price breaks through $100,000 and no such support anywhere near materializing”
* Target price: BTC will reach bottom at $57,000 in October, like last year after BTC fell under $100K on October 10th
* Fall trend: Even despite a rise by 10+% in April, “we are definitely still in the Bitcoin fall”. BTC declines at high levels before capitulation are usual
* Rejection: BTC at $80,000 “strongly rejected yesterday in Asian session” due to high oil prices

Analyst Views Diverge
* Both see no bottom: Jason Fernandes of AdLunam believes BTC has not capitulated. “The formation of a durable bottom requires exhaustion of speculation leverage and macro uncertainty, neither of which are evident here yet.”
* When?: For Fernandes, “It’s just not there yet for extreme pessimism to kick in… might require one more dip.”
* Counterpoint: Mati Greenspan at Quantum Economics finds this view “overly bearish.” Points to institutional support: “There is still plenty of room for growth… new record highs are likely to occur soon enough.”
* Most analysts agree: The low for February’s bear market is at the ∼$60,000 mark. Helped by ETF buying interest and BTC stability despite Iran/oil conflict risks.

Macro ChallengesLiquidity:
* “The liquidity situation is tight, and markets have adjusted themselves to a higher-for-longer rate scenario,” noted Fernandes.
* Target of $100k mark: Symbolic rather than technical in nature. Bull run requires new highs along with money flows. But the $100K level can spur those developments.

#MichaelTerpin #BitcoinBottom #BTCPricePrediction #BitcoinBearCase

$BTC