Bitcoin fell around 7% to $77,000, potentially marking the low of this cycle, according to analyst PlanC. The asset is down 11.44% over the past 30 days and about 38% from its all-time high of $126,100. Some analysts predict further downside, with speculations of a drop to $60,000 by 2026.

PlanC compares Bitcoin’s recent fall to past market crashes, suggesting a potential major capitulation low between $75,000 and $80,000. Meanwhile, Bitcoin advocate Rajat Soni warns against overreacting to the weekend drop and advises that Bitcoin may make a comeback when least expected.

Veteran trader Peter Brandt predicts Bitcoin could fall to $60,000 by the third quarter of 2026. Crypto analyst Benjamin Cowen anticipates multiple rallies before the market cycle low in early October. Fidelity’s Jurrien Timmer suggests 2026 could see Bitcoin prices drop as low as $65,000.

Read more at Cointelegraph: ‘Decent Chance’ Bitcoin Already Bottomed at $77K: Analyst