Samson Mow Says Bitcoin Bottomed After 37-Day Pre-Halving ATH as Analysts Eye $40,000-$55,000
Updated
Updated · CoinDesk · Jun 28
Samson Mow Says Bitcoin Bottomed After 37-Day Pre-Halving ATH as Analysts Eye $40,000-$55,000
3 articles · Updated · CoinDesk · Jun 28
Summary
Samson Mow said bitcoin’s bottom is already in, arguing the market’s usual four-year halving cycle accelerated after a record high arrived 37 days before the April 2024 halving.
That view challenges analysts who still expect more downside, with some citing a looming 50-week/100-week bear cross and the 200-week moving average as signals the low may not be set.
Markus Thielen sees a more likely bottom near $55,000 between August and October, while Arthur Hayes has projected roughly $40,000 within six months.
James Van Straten said bitcoin may need to fall 15% or more, with $50,000 to $54,000 the next key battleground because the token has not yet dropped below realized price in this cycle.
The split reflects a broader debate over whether U.S. spot bitcoin ETFs and stronger institutional demand have broken the historical post-halving pattern.
With experts deeply divided, which key indicator will ultimately define Bitcoin's price floor?
Have Fed policies and ETFs broken Bitcoin's predictable four-year cycle for good?
Has institutional adoption made Bitcoin a safer asset or just another stock market proxy?
Bitcoin Plunges 53% From All-Time High: Bottom In or More Downside to Come?
Overview
In late June 2026, Bitcoin's price plunged below $60,000, reaching levels not seen since October 2024 and trading around $59,566—over 50% down from its all-time high. This sharp drop has sparked intense debate among investors about whether Bitcoin has already found its bottom or if more downside is ahead. Some analysts believe further declines are likely, while others see signs of a near-term recovery. The uncertainty is fueled by recent heavy losses, rapid price swings, and conflicting expert opinions, leaving the market focused on key indicators to determine Bitcoin’s next move.