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#BTC Analyst: Bitcoin may establish an "iron bottom" in the $55,000-$60k range by the end of 2026
Odaily Planet Daily News reports that CryptoQuant analysts point out that Bitcoin's next bear market has not yet fully bottomed out, and an "iron bottom" may appear around December 2026, with a price range of $55,000 to $60,000. This cycle may require a final clearance before completing the bottom formation.
The analysis is based on multiple on-chain indicators such as the MVRV Z-score: currently, this indicator has cooled down but has not yet entered the negative (undervalued) zone; historically, each "iron bottom" in a bear market has been accompanied by this indicator dropping below zero, indicating the market has not yet entered an extremely pessimistic phase.
According to historical patterns, after the market hits bottom around 2026, it may enter a roughly two-year accumulation period, combined with the Bitcoin halving cycle in 2028, with the next bull market peak possibly occurring in the second half of 2029.