Bitcoin's Bottom May Be Reached Between October 6 and 16

The Bitcoin market is expected to reach its bottom soon, according to some analysts. The 4-year cycle theory suggests that the peak of the bull run arrives 12 to 18 months after the halving event, which occurs every 210,000 blocks.

Ali Martinez claims that if this pattern holds, BTC's final floor could arrive between October 6 and 16. This is supported by past behavior across different stages, which signals a potential bottom in the same window.

However, before reaching the bottom, BTC holders may have to withstand a harsh final move south. Some analysts predict that the price could fall to as low as $39,000 or even $49,000 before entering an accumulation phase.

Crypto Lens issued an even more skeptical prediction, envisioning an 'inevitable final capitulation' to $39,000 by October, followed by a rocket to $150K by February next year.