Bitcoin at $60,000? Brutal BTC Prediction for Q4 2026 Issued
Analysis
Price Impact
HighThe prediction by renowned early bitcoin investor michael terpin suggests bitcoin could bottom near $60,000 in q4 2026, representing a significant drawdown (60-70%) from current levels, which would be a major market event.
Trustworthiness
MedMichael terpin is an 'early bitcoin investor' and 'renowned analyst,' lending credibility. however, it is a long-term forecast (q4 2026) which inherently carries higher uncertainty despite expert opinion.
Price Direction
BearishThe immediate prediction for q4 2026 is a 'brutal forecast' of bitcoin bottoming around $60,000. this is presented as an accumulation phase, implying a significant price drop leading up to or during that period.
Time Effect
LongThe prediction specifically targets the last quarter of 2026 as a major accumulation phase, looking ahead to the next bull cycle in 2028-2029, indicating a long-term outlook.
Original Article:
Article Content:
Cover image via U.Today Read U.TODAY on Google News Bitcoin may bottom at $60,000 Not the end for Bitcoin Advertisement Amid growing anticipation about Bitcoin’s potential price movement in 2026, renowned early Bitcoin investor Michael Terpin has predicted that the asset will return to 2023 levels in the new year. According to the analyst, the last quarter of 2026 will mark a major accumulation phase for retail and institutional investors ahead of the next major bull cycle. Bitcoin may bottom at $60,000 On Thursday, Jan. 1, Terpin issued a brutal forecast for Bitcoin , igniting fresh debate across the crypto market after predicting that Bitcoin could bottom near $60,000 in Q4, 2026. HOT Stories Bitcoin (BTC) Price Prediction 2026 Morning Crypto Report: XRP Kicks Off 2026 With 2,198% Liquidation Imbalance, Tether (USDT) Stuns With $780 Million Bitcoin Purchase, Meme Coin on Binance Loses 88% After Hacker Attack Ripple Kicks Off 2026 With 1 Billion XRP Unlock Crypto Market Prediction: Two Big Bitcoin (BTC) Barriers, Best XRP Price Timeframe at the Start of 2026, Shiba Inu (SHIB) Having a Calm New Year The analyst noted that while Bitcoin has been showing mixed price action amid the high market volatility, its long-term prospect signals continued expansion. Advertisement You Might Also Like Thu, 01/01/2026 - 14:22 Satoshi Changed the World With Bitcoin White Paper 17 Years Ago By Godfrey Benjamin Terpin’s prediction suggests a major price drawdown in late 2026, which could see the asset retest a historic low level of $60,000. Not the end for Bitcoin Nonetheless, the analyst further stressed that the pullback should not be interpreted as the end for Bitcoin nor its failure, but rather as a strategic opportunity for long-term investors to purchase the asset at lesser prices. Advertisement While Terpin had emphasized on Bitcoin’s four-year halving cycle, he expressed belief that Bitcoin’s true accumulation window will open between 2026 and 2027. As such, he expects that the increased global adoption, tighter Bitcoin supply and growing demand for the asset will push massive institutional accumulation in 2028 and 2029. Notably, a dip toward $60,000 would see Bitcoin retrace by about 60% to 70%, after which long-term holders and institutional investors, including Bitcoin ETFs , would likely step in aggressively, absorbing supply and gradually tightening market liquidity to fuel a major rally. #Bitcoin #Bitcoin Price Prediction #Spot Bitcoin ETF