$BTC Has Bitcoin got a major crash coming?
Connection Capital founder warns: Bitcoin could pull back 50% in Q4 2026, falling to $30K–$40K According to Connection Capital founder and former research director for Coin Bureau, Dan Krupka, if Bitcoin rises to $96,000, it may face a significant correction in Q4 2026, with a pullback of as much as 50%—down to the $30,000 to $40,000 range. Krupka warns that although current technical indicators look strong, the underlying pattern is more like a “textbook relief rebound” rather than the start of a new bull market. He notes that Bitcoin’s total market capitalization is nearing the monthly Bollinger Band resistance level, which is typically used to distinguish between a distribution phase and a sustained bull-market trend. Meanwhile, macro resistance is emerging: the U.S. Dollar Index (DXY) is nearing the monthly Bollinger Band resistance level, persistent energy shortages in Europe and Asia are keeping the euro and yen weak, driving global capital inflows into the dollar and potentially triggering a sell-off in risk assets.