- Reputed crypto trader calls the bottom at $54,000 BTC price.
- This led to a massive surge in price pump expectations.
- The price of BTC could rally towards new ATH prices after the bottom is set.
The price of Bitcoin (BTC) continues to trade in the $66,000 price range, hinting at possibly sinking down to lower price targets as most bearish analysts were expecting. At the moment, one reputed crypto trader calls the bottom at $54,000 BTC price, igniting bullish expectations. This prediction is in contrast with the growing bearish calls that have recently been taking over the crypto community.
Reputed Crypto Trader Calls the Bottom at $54,000 BTC Price
Since the pioneer crypto asset, Bitcoin (BTC), went on to hit its current ATH price in the $126,000 price range in October 2026, sentiments pulled a full 180 and went from bullish to bearish as the event was immediately followed by a $20 billion liquidation event. Since then, the price of BTC has been falling at a steady pace, bringing the price of BTC down by 50%, now trading in the $60,000 price range.
A few weeks ago, the price of BTC tried to reclaim a critical support level at the $76,000 price range, but failed to climb higher than the $74,000 price range, leading to the loss of this support line and allowing the price of BTC to fall under $70,000. This move led bearish analysts to believe that the asset was moving towards its bear market bottom price, expected to be hit in the $40,000 price range.
This market bottom is based on the traditional 4-year bull cycle structure, the pattern that bearish analysts are looking at. The popular model this year being adopted by bullish analysts comes from the 5-year supercycle theory. This outlook states that the crypto bull cycle will enter an extension following a short crypto winter, meaning a different bottom price may be hit before BTC and altcoins can go parabolic this year.
Bullish Expectations Grow for Crypto
The 5-year supercycle theory comes from financial experts like Raoul Pal, who explain that the business cycle extension will lead to a crypto cycle extension as well as the arrival of the long-awaited altseason, once liquidity flows into the market. Thus, both Bitcoin and altcoins are expected to set new ATH prices this year. As we can see from the post below, this bullish analyst is calling for the bottom at $54,000.
As the post explains, the bullish outlook expects BTC to bottom at $54,000, an event set to arrive after the ongoing terminal consolidation phase ends. Following the massive drop to the $54,000 price range, retail is expected to reenter the market, leading to capitulation and macro uptrends resuming. The post concludes saying $54,000 is the final shakeout before the bull rally can begin.