Crypto
Bitcoin cycle low may have formed around $58,000, analysis says
An analysis suggested bitcoin may have already formed this cycle’s low around $58,000 after the market absorbed heavy selling pressure through two capitulation phases. Bitcoin hit a record high above $126,000 in October 2025 and recently traded around $77,400, about 39 percent below the peak. Some traders still see a possible additional low in October 2026 based on the four-year cycle, while analysts argue cost basis and profit-and-loss metrics matter more than dates.
