Bitcoin may be approaching its final major dip of the current market cycle, according to crypto analyst PlanC. He said the $75,000–$80,000 price zone could mark the deepest pullback of this bull run.
Bitcoin traded between $77,082 and $83,426 over the past 24 hours. The price remains about 38% below its all-time high of $126,080 reached in October 2025.
Losses have built across several timeframes. Bitcoin fell 6% in the past day, 11.6% over the past week, and 23.5% over the past year.
PlanC noted that Bitcoin has often seen 35% to 40% corrections during past bull markets. He said the current decline fits that historical pattern and may signal a major capitulation phase.
The analyst compared the move to earlier market lows, including the 2018 bear market bottom, the March 2020 crash, and the 2022 decline following the FTX collapse.
Other market watchers urged caution. Bitcoin advocate Rajat Soni warned traders not to overreact to sharp weekend moves, saying price recoveries often come unexpectedly.
Not all analysts agree a bottom is near. Veteran trader Peter Brandt said Bitcoin could still fall toward $60,000 later in 2026.
Crypto analyst Benjamin Cowen also expects more volatility ahead. He suggested the final cycle low may not arrive until October 2026, with several short-term rallies possible before then.
