{"id":590014,"date":"2026-04-26T22:54:09","date_gmt":"2026-04-26T22:54:09","guid":{"rendered":"https:\/\/e-bitco.in\/index.php\/2026\/04\/26\/historical-average-could-push-bitcoin-bottom-at-57k-level-analyst\/"},"modified":"2026-04-26T22:54:09","modified_gmt":"2026-04-26T22:54:09","slug":"historical-average-could-push-bitcoin-bottom-at-57k-level-analyst","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2026\/04\/26\/historical-average-could-push-bitcoin-bottom-at-57k-level-analyst\/","title":{"rendered":"‘Historical average’ could push Bitcoin bottom at $57K level: Analyst"},"content":{"rendered":"

\"'Historical<\/p>\n

Bitcoin was \u201crejected\u201d from the $80,000 price level, which is its next resistance zone on the way to reclaiming the $100,000 psychological price level.<\/p>\n

The price of Bitcoin (BTC) could bottom out at the $57,000 level in October 2026, despite rallying by more than 29% since the low of about $60,000 in February, according to Bitcoin investor and author Michael Terpin.<\/p>\n

Terpin told Cointelegraph that his forecast is based on the \u201chistorical average\u201d drawdown of about one year from a market cycle top, which was reached in October 2025 when BTC surged to an all-time high above $126,000, to the cycle bottom.<\/p>\n

Bitcoin\u2019s price needs to reclaim the $100,000 level for the bull market to resume, which will likely occur when the price falls below the 200-week moving average, a dynamic and critical support level, he said. Terpin added:\u00a0<\/p>\n

Read more<\/a><\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin was \u201crejected\u201d from the $80,000 price level, which is its next resistance zone on the way to reclaiming the $100,000 psychological price level. The price of Bitcoin (BTC) could bottom out at the $57,000 level in October 2026, despite rallying by more than 29% since the low of about $60,000 in February, according to […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":{"0":"post-590014","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-blockchain"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/590014","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=590014"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/590014\/revisions"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=590014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=590014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=590014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}