'Crypto Godfather' says bitcoin has not reached its bottom and a new all-time high is off the table for 2026

Michael Terpin, the 'Crypto Godfather,' claims Bitcoin has not reached its bottom and predicts potential dips to $57,000, casting doubt on a new all-time high by 2026.

'Crypto Godfather' Says Bitcoin Has Not Reached Its Bottom: What’s Next? Is the world of Bitcoin on the verge of another downturn? Michael Terpin, often referred to as the 'Crypto Godfather', asserts that Bitcoin has not yet hit its bottom, suggesting a dip to around $57,000 could be on the horizon this October. His stark assessment comes as the cryptocurrency landscape remains volatile, raising questions about the future of Bitcoin prices. What Does Terpin Predict for Bitcoin's Price? According to Terpin, the famed early investor and author of Bitcoin Supercycle , the leading cryptocurrency is set for a troubling period. He predicts that Bitcoin needs to descend to approximately $57,000 before starting any upward momentum. “Before a bull market for bitcoin can be called, the price needs to break back above $100,000 and no support anywhere near has manifested,” he stated. This caution comes despite Bitcoin's recent bounce back with a double-digit gain earlier this month. Are Analysts Divided on This Outlook? Terpin’s viewpoint stands in contrast to perspectives of a number of market analysts who believe that Bitcoin might have already touched its low point around $60,000 earlier this year, suggesting the start of a new bull run fueled by increased ETF inflows and Bitcoin's resilience amidst geopolitical tensions. “Despite a double-digit gain thus far in April, we are very much still in a bitcoin fall,” he cautioned. What Are the Current Market Conditions? This market sentiment is compounded by tightening liquidity and potential macroeconomic hiccups that could further pressure Bitcoin prices. A co-founder at AdLunam, Jason Fernandes, supports Terpin's assertion that the bottom has yet to be seen but diverges on the anticipated timing, holding the belief that a full capitulation event—where long-term holders drastically exit positions—has not occurred yet. “Historically, durable bottoms tend to coincide with a clear exhaustion of both speculative leverage and macro u