Analyst PlanC called the current $75,000-$80,000 zone a potential cycle bottom, stating there is “a decent chance this will be the deepest pullback opportunity this Bitcoin bull run.”
Bitcoin (BTC) traded between $77,082 and $83,426 over the past 24 hours, sitting 37.8% below its all-time high of $126,080 reached on October 6, 2025.
The drawdown has extended across multiple timeframes. Bitcoin posted losses of 6.0% over 24 hours, 11.6% over seven days and 23.5% over one year.
PlanC noted that 35-40% corrections have occurred during previous Bitcoin bull markets. The current decline to $75,000-$80,000 would be a correction within that historical range from the October 2025 all-time high.
The analyst compared the current pattern to three prior capitulation events: the 2018 bear market low near $3,000, the March 2020 crash to approximately $5,100, and the FTX collapse that pushed Bitcoin to around $15,500.
“There is a decent chance we are going through another major capitulation low as we speak,” PlanC wrote on X.
Bitcoin advocate and financial accountant Rajat Soni urged caution against overreacting to weekend volatility.
“Never trust a weekend pump OR dump,” Soni wrote. “Bitcoin will make a comeback when you least expect it.”
Not all analysts share PlanC’s view that the bottom is forming. Veteran trader Peter Brandt predicted Bitcoin could fall as low as $60,000 by the third quarter of 2026.
Crypto analyst Benjamin Cowen placed the market cycle low in early October 2026. He also warned that rallies will occur between now and then before the ultimate bottom happens.
His timeline implies months of volatility ahead with interim recoveries that could trap buyers expecting a sustained rebound.
