Crypto Godfather Says Bitcoin Bottom Not In, No ATH in 2026

• Michael Terpin says Bitcoin has not reached its market bottom
• He predicts BTC may fall toward $57,000 in October
• Terpin does not expect a new all-time high in 2026

Bitcoin may face another major decline before the next bull market begins, according to veteran investor Michael Terpin. Often called the “Crypto Godfather,” Terpin said Bitcoin has not yet reached its bottom and is unlikely to set a new all-time high in 2026.

Terpin Sees Bitcoin Bottom Near $57K
Terpin believes Bitcoin needs to reclaim $100,000 before investors can confirm a new bullish cycle. He argued that current price action still reflects a broader downtrend rather than a sustainable breakout.

Bitcoin traded near $76,000 at the time of his comments. Terpin forecast that BTC could decline toward $57,000 by October, marking what he sees as the likely final bottom for the cycle.

He also pointed to recent rejection near $80,000 as evidence that strong resistance remains in place.

Analysts Split on Bitcoin’s Next Move
Terpin’s bearish outlook contrasts with analysts who believe February’s move near $60,000 marked the end of the correction phase.

Bullish market participants cite continued inflows into U.S. spot Bitcoin ETFs, steady institutional demand, and Bitcoin’s resilience during geopolitical tensions and oil market volatility.

Others remain cautious. Some analysts argue that tighter liquidity, elevated interest rates, and the absence of full capitulation could create more downside pressure before the next sustained rally begins.

Macro Conditions Remain Key Risk Factor
Several market observers note that global monetary policy still weighs on risk assets. Higher for longer interest rates often reduce liquidity available for speculative investments such as cryptocurrencies.

Without a major shift in policy or a broad market washout, Bitcoin may remain volatile in the months ahead.

Can Bitcoin Still Reach a New ATH in 2026?
Terpin said no new all-time high is likely this year unless Bitcoin first regains and holds levels above $100,000. For now, he believes downside risks remain stronger than upside momentum.

Bitcoin’s outlook remains divided as bulls focus on ETF demand while bears warn of unfinished downside. Whether BTC bottoms near $57,000 or resumes its recovery may depend on macro conditions and investor sentiment through the second half of 2026.

FAQs

Who is Michael Terpin?
Michael Terpin is an early Bitcoin investor and founder of several blockchain ventures.

What is Terpin’s Bitcoin prediction?
He believes Bitcoin may fall to around $57,000 before forming a final bottom.

Does Terpin expect a new Bitcoin ATH in 2026?
No, he said a new all-time high is unlikely this year.

What price is Bitcoin trading at now?
Bitcoin traded near $76,000 during the analysis.

Why do some analysts disagree with Terpin?
Many point to ETF inflows and institutional demand as bullish signals.

What does capitulation mean in crypto markets?
It refers to a phase where investors sell heavily, often near market bottoms.

What level must Bitcoin reclaim to turn bullish?
Terpin said BTC needs to move back above $100,000.

What could move Bitcoin higher later this year?
ETF inflows, easier monetary policy, and stronger market sentiment could support BTC.