Bitaigen Research 
In this article we outline Bitcoin’s recent price action and market sentiment, combine insights from several analysts, examine whether the current correction is approaching key support levels, and present technical and macro factors that could influence the next market moves. To understand the underlying logic and potential signals for future price direction, we recommend reading the full text.
Current Market Overview
As of the time of publication, Bitcoin (BTC) fell about 7% during Saturday’s trading session, dropping from roughly $77,000 to around $78,690 before modestly rebounding. Data from CoinMarketCap shows that Bitcoin has declined a cumulative 11.44% over the past 30 days. Compared with its all‑time high of $126,100 set on October 5, the current price is down about 38%.
Expert View: Potential Bottom of the Current Correction
Analyst PlanC noted on X that this decline could represent the deepest pull‑back of the current bull market, with a low potentially lingering between $75,000 and $80,000. He likened the present trajectory to the 2018 bear market, the March 2020 crash, and the slide during the FTX collapse—periods when Bitcoin fell to approximately $3,000, $5,100, and $15,500 respectively.
At the same time, Bitcoin advocate and certified public accountant Rajat Soni warned investors on X: “Weekend short‑term volatility is not worth chasing blindly,” and stressed that Bitcoin often regains higher levels at unexpected moments.
Divergent Forecasts for Future Price Action
- Peter Brant (senior trader) believes that if the trend persists, BTC could fall to around $60,000 by the third quarter of 2026 at the latest.
- Benjamin Cowen (crypto analyst) expects the lowest point of this cycle may occur in early October, though multiple short‑term rallies are likely beforehand.
- Eurian Timmer (global macro research director at Fidelity) describes 2026 as a “consolidation year” for Bitcoin, with price possibly retreating to roughly $65,000.
Conclusion
Taking the above analysis together, the $77,000 range may indeed represent Bitcoin’s deepest recent correction, yet further volatility remains possible. For more updates on BTC price movements, follow Bitaigen’s subsequent reports.
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Related Reading
- Bitcoin Price Drops to $69,863 – Market Analysis & Funding Rate Insight
- Bitcoin Sentiment Hits Low: Contrarians Eye $60K Floor
- Bitcoin Falls Below $70K: Institutional Entry Point
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