[Analyst: Bitcoin May Reach Long-Term Bottom in October 2026]
Cryptocurrency analyst Jason Pizzino pointed out that Bitcoin's price might not reach its long-term bottom until October 2026. Currently, BTC trading volume continues to decline, reducing the likelihood of a bull market returning in the short term. According to CryptoQuant data, the share of large investors' exchange deposits has dropped from 47% in mid-November to 21%, with the average deposit amount shrinking by 36%, indicating that selling pressure is weakening. If the trend continues, BTC's price is expected to rebound to $99,000. The analyst believes that the 200-day simple moving average acts as resistance, and Bitcoin may need to go through a consolidation phase.