Bitcoin Bottom Debate: Market Analysts Split on Timing

The debate on Bitcoin's bottom price is ongoing among market analysts and experts. While some believe that the current downturn has already entered its finishing phase, others are cautioning against calling a confirmed bottom just yet.

According to Cointelegraph, Bitcoin has been trading sideways around $63,500 for a while now, down nearly 50% from its peak of above $126,000 in October 2025. The main issue is whether the market has already formed a bottom or if more correction remains.

Russell Thompson, Chief Investment Officer at Hilbert Capital, thinks that Bitcoin is still in a downtrend and that a meaningful bottom is likely only after another drop below the recent low. He also pointed out that the current market structure is driven more by macroeconomic and liquidity conditions than by crypto-specific indicators.

Thompson predicted that Bitcoin could first retest the $56,000 to $52,000 zone and then slide to around $40,000 to $45,000. He estimated that this could happen as early as October 2026, but added that a U.S. Federal Reserve rate cut or passage of the Clarity bill could bring the timing forward.