Crypto analyst PlanC believes Bitcoin may be close to a major turning point.
He says the current $75,000 to $80,000 range could be the bottom of this market cycle, calling it “a decent chance this will be the deepest pullback of this Bitcoin bull run.”
Bitcoin has been trading between $77,000 and $83,000 over the past day. That puts it nearly 38% below its all-time high of about $126,000, which it reached in October 2025.
The losses have added up quickly. Bitcoin is down about 6% in the last 24 hours, nearly 12% over the past week, and more than 23% over the past year.
PlanC points out that this kind of drop isn’t unusual during bull markets. In past cycles, Bitcoin has often pulled back 35% to 40% before moving higher again. Based on that history, he says the current decline fits the pattern.
He also compared this moment to earlier major shakeouts, including the 2018 bear market bottom, the March 2020 crash, and the FTX collapse in 2022.
According to PlanC, there’s a real chance Bitcoin is going through another major capitulation phase right now, where weak hands sell and long-term buyers quietly step in.
Still, not everyone agrees.
Bitcoin supporter and accountant Rajat Soni warned traders not to read too much into weekend price moves. He said weekend pumps and dumps are often misleading and reminded investors that Bitcoin tends to bounce back when people least expect it.
Other analysts remain cautious. Veteran trader Peter Brandt believes Bitcoin could still fall as low as $60,000 before finding a true bottom. Analyst Benjamin Cowen also expects more volatility, suggesting the cycle low may not arrive until late 2026, with several rallies and pullbacks along the way.
The takeaway is simple: some see this zone as a rare buying opportunity, while others warn the pain may not be over yet. For now, Bitcoin remains stuck in a volatile tug-of-war, with patience likely to matter more than prediction.
