Bitcoin’s cycle low is likely to form around October 2026, a forecast said. Benjamin Cowen, CEO of Into The Cryptoverse and a former NASA researcher, said the current cycle is following a similar time structure to the past two cycles, with the peak forming within about a week of prior peaks. If the pattern holds, the trough could come about a year later, though he did not rule out an earlier bottom.

Bitcoin rose 3.71 percent on the day to around $74,000, but a jump in oil prices tied to the breakdown of U.S.-Iran talks and the closure of the Strait of Hormuz could increase short-term volatility by adding to inflation and monetary-policy uncertainty. Cointelegraph highlighted factors including this week’s U.S. producer price index data, the market’s limited pricing of rate cuts, profit-taking near $70,000 and signs of easing selling pressure alongside stronger long-term holder demand.