$BTC at $77K Could Be the Deepest Pullback of the Bull Run
$BTC dropped 7% to $77,000 on Saturday before recovering slightly to $78,690 by end of day, according to CoinMarketCap. The move added to an 11.44% monthly decline, leaving the asset roughly 38% below its all-time high of $126,100, reached on Oct. 5.
#Bitcoin analyst PlanC posted on X on Saturday that the dip could mark the bottom of this bull cycle. He compared the current #sell-off to three prior episodes where $BTC found a floor and reversed: the 2018 bear market #bottom near $3,000, the March 2020 crash to around $5,100, and the post-FTX decline to roughly $15,500. "Decent chance this will be the deepest pullback opportunity this Bitcoin bull run," PlanC wrote.
PlanC placed the likely range for the cycle bottom between $75,000 and $80,000. If that reading holds, Saturday's low lands squarely within that window, framing it as a potential accumulation point for traders willing to buy into weakness.
Financial accountant and $BTC advocate Rajat Soni pushed back against that reading on X, urging traders to avoid reacting to weekend price action. "Never trust a weekend pump OR dump," Soni wrote, adding that $BTC tends to stage recoveries when sentiment is at its most bearish. His warning came as the market was processing over $2 billion in #liquidations.
Veteran trader Peter Brandt has taken a more cautious stance, predicting that $BTC could fall to as low as $60,000 by Q3 2026. Analyst Benjamin Cowen expects the true cycle #low to arrive in early October but noted he "anticipates plenty of rallies will occur between now and then."
Jurrien Timmer, Fidelity's director of global macroeconomic research, described 2026 as a possible "year off" for $BTC , with prices potentially dropping to $65,000 before any sustained recovery takes shape.
The range of forecasts is unusually wide right now.
$BTC Bitcoin Stabilises Near $78K After Recent Sell-Off After sliding through the weekend, Bitcoin found support near $78,250, showing tentative signs of recovery from sharp losses.
Most $BTC Holders Face Losses Below $88K Level, #Checkonchain Reports
More than 63% of capital invested in $BTC entered at prices exceeding $88,000, placing the majority of holders in loss positions as prices trade below that threshold, according to Thursday data from Checkonchain.
The metric tracks invested wealth, calculated as the total value deployed when coins last moved #on-chain. This differs from average cost basis but indicates where #capital concentration sits relative to current market prices.
Analysis using the UTXO Realized Price Distribution reveals clustering of supply across specific price bands. The tool maps where existing coins last transacted, showing accumulation zones that could influence #future price movements.
#Trading has remained confined between $80,000 and $90,000 since November. Heavy concentration exists in the $85,000 to $90,000 range, where tens of billions in value sit, creating potential for intensified selling if prices breach $85,000.
Data shows long-term holders have been distributing at the quickest rate observed in half a year. Below $80,000, supply becomes notably thinner, with relatively few coins held between $70,000 and $80,000 creating air pockets.