Bitcoin may bottom in October if historical reward-halving cycle holds
CoinDesk
Historical data suggests Bitcoin's current bear market may reach a bottom by October ahead of the upcoming 2028 mining reward halving.Summary
Bitcoin is currently over halfway to its next mining reward halving, expected around April 2028. Historically, bear markets conclude 12 to 18 months before these halving events, suggesting a potential market bottom as early as October. While near-term price action remains dominated by bearish sentiment due to macroeconomic risks like rising Treasury yields and ETF outflows, analysts identify $76,000 to $77,000 as a critical support level, with significant downside risk if that range fails to hold.
(Source：CoinDesk)