Close Menu
  • Home
  • Crypto News
  • Tech News
  • Gadgets
  • NFT’s
  • Luxury Goods
  • Gold News
  • Cat Videos
What's Hot

Selena

July 28, 2026

Ethereum Signals Bullish Reversal via Key MVRV Metric

July 27, 2026

X Money Begins Limited US Rollout

July 27, 2026
Facebook X (Twitter) Instagram
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms of Use
  • DMCA
Facebook X (Twitter) Instagram
KittyBNK
  • Home
  • Crypto News
  • Tech News
  • Gadgets
  • NFT’s
  • Luxury Goods
  • Gold News
  • Cat Videos
KittyBNK
Home » Bitcoin Price Prediction: Support at $59,000 Could Decide the Next Move
Crypto News

Bitcoin Price Prediction: Support at $59,000 Could Decide the Next Move

July 26, 2026No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Bitcoin Price Prediction: Support at ,000 Could Decide the Next Move
Share
Facebook Twitter LinkedIn Pinterest Email

Bitcoin remains in a bear market but may be entering its final stretch, according to a chart analyst tracking the cryptocurrency’s historical four-year cycle, with a possible bottom forming as soon as October.

A Cycle Bitcoin Has Followed Before

Bitcoin has historically moved through roughly one year of bear market followed by three years of bull market, based on patterns dating back to prior cycles. The current downturn began after Bitcoin’s October 2025 high, putting the cryptocurrency roughly on track to enter its final quarter of decline, the analyst said.

Bitcoin has already reached the full $66,230 to $76,640 resistance zone for Q3, a level the analyst had flagged in advance as the ceiling for this stage of the cycle. A rejection from resistance could open a path down toward $56,500, then $44,000, with $39,000 identified as a further downside target if selling accelerates.

Near-Term Levels to Watch

On shorter timeframes, Bitcoin was rejected near $66,300 in mid-July before breaking below a rising trend line, which now sits near $65,300 and could act as resistance going forward. Near-term support sits in a zone between $59,369 and $62,533, the analyst says, describing this as the key area to watch heading into the weekly close.

A separate resistance band between $64,922 and $66,227 is also being tracked as a ceiling for any short-term bounce, based on Fibonacci retracement levels drawn from the recent high.

Seasonal Patterns Point to a Volatile August

Seasonality data reviewed by the analyst shows that August and September have historically been weak months for Bitcoin during past bear market years, including 2014, 2018, and 2022, while July has typically been the strongest month of any bear market year. In 2022, Bitcoin extended gains into mid-August before reversing, a pattern the analyst said could repeat, though he warned it isn’t a scenario he would trade aggressively.

A Separate Timing Model Points to October

A separate cycle-tracking tool used by the analyst identifies a dominant 260-day rhythm in Bitcoin’s price action. That model correctly flagged a cycle top forming in late May, which was followed by the current selloff. Based on that same rhythm, the tool points to a possible major low forming around October this year, with a margin of two to four weeks in either direction.

The analyst stressed that both the seasonal and cycle-based tools describe general tendencies rather than precise forecasts, and that no method can guarantee exactly when or where Bitcoin’s bear market will conclude.

Was this writing helpful?

Tell us why!

Share this insight with your network!

Story Ends Here

Trust with CoinPedia:

CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:

All opinions and insights shared represent the author’s own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

Sponsored and Advertisements:

Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.

Read the Next News

Credit: Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ethereum Signals Bullish Reversal via Key MVRV Metric

July 27, 2026

CLARITY Act Myths Could Mislead Investors, Crypto Council Warns

July 27, 2026

El Salvador Bitcoin Strategy Faces 2027 Election Test as BTC Buying Continues

July 27, 2026

Top 3 Crypto to Buy After Spain Wins the World Cup and Puts Crypto in Front of Billions, Pepeto’s 100x Listing Has Smart Money Moving Fast

July 27, 2026
Add A Comment
Leave A Reply Cancel Reply

What's New Here!

The Elgato Stream Deck XL is 20 percent off at Amazon

June 24, 2024

Ocean Independence Adds 34m Bluephire from Tureddi to Sales Portfolio

June 14, 2024

The multi-million pound properties offered for sale by Netflix’s ‘Buying London’ estate agents

May 24, 2024

Top 3 Real-Time Blockchain Data APIs for Developers and Traders

April 15, 2025

iOS 18.6 Release Timeline and Features

May 26, 2025
Facebook X (Twitter) Instagram Telegram
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms of Use
  • DMCA
© 2026 kittybnk.com - All Rights Reserved!

Type above and press Enter to search. Press Esc to cancel.