$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.
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