'Crypto Godfather' says bitcoin has not reached its bottom and a new all-time high is off the table for 2026
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- Michael Terpin predicts Bitcoin will bottom near $57,000 in October and says a new all‑time high is off the table for 2026.
- Bitcoin currently trades around $76,000 after a price decline linked to Iran’s Strait of Hormuz shutdown and rising oil prices.
- Jason Fernandes agrees Bitcoin hasn’t bottomed yet but argues the market hasn’t fully capitulated, suggesting a later timeline for a true bottom.
- ETF inflows are cited by bullish analysts as a driver of a new bull run after the February low near $60,000.
- Tight liquidity and high interest rates are flagged by some analysts as risk factors that could push Bitcoin lower beyond the $57,000 target.
Why it matters: Institutional investors who bought Bitcoin at $76,000 will see a $19,000 per bitcoin loss if price hits $57,000, and tight liquidity and high interest rates will amplify the impact.
