Bitcoin has once again slipped below the $90,000 mark, but according to the analyst, this decline is far from the final downside target. In his latest market commentary, he noted that a move toward $70,000 — or even $60,000 — is entirely plausible, and this scenario does not concern him.
He explains that, according to his long-term price model, Bitcoin is still moving within what he refers to as the Decay Channel. This structure reflects an “extended market cycle”, where the price continues to rise over the long term even in the absence of a traditional macroeconomic cycle. From his perspective, the market has not yet formed a cycle top, and BTC could eventually head toward the $200,000–$300,000 range in 2026.
As a historical comparison, he points to 2019. During that period, Bitcoin experienced a “mini-cycle”: the price climbed to “30% on the oscillator,” then fell back toward “0%,” and roughly a year and a half later went on to set a new all-time high.
Commenting on what might trigger the next major market move, he notes that several catalysts could come into play:
“We don’t know exactly when it will happen — it could be the effects of government reopening, tariff reductions, interest-rate cuts… but eventually the pendulum will swing back the other way.”
Getting ready to buy the dip?