ME News reports that on September 10 (UTC+8), Garrett Jin released his latest weekly outlook, stating that after Bitcoin reached a high of $82,300 last week and subsequently pulled back, it indicates that resistance above $80,000 remains strong, and the current consolidation phase is not yet over—market participants may have completed less than half of this process. Regarding price ranges, if BTC regains and closes above $82,500 with stronger spot demand, the next resistance zone is $83,000 to $86,000; if spot demand remains weak, the primary support level to watch is $76,000 to $77,000, and a further breakdown could lead to a rapid decline toward $74,000 to $75,000, with key demand support near $72,000 to $72,500. Garrett Jin maintains his assessment that there is approximately a 70% probability the bottom of this cycle is at $60,000. He noted that while he remains constructive on the macro outlook before year-end, he is currently maintaining a lower risk exposure. (Source: ODAILY)
Garrett Jin Predicts a 70% Chance the Bitcoin Cycle Bottom Is at $60,000
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Summary
Garrett Jin, in his September 10, 2026, weekly outlook, noted that Bitcoin remains in a consolidation phase, with the recent pullback from $82,300 demonstrating resistance above $80,000. On-chain trading signals indicate a 70% probability that the cycle bottom could reach $60,000. Jin advises caution regarding short-term exposure as the market absorbs key price levels.
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