A prominent analyst known as the 'Crypto Godfather' is calling for further downside in Bitcoin, arguing the current price level does not represent a cycle bottom. The forecast carries an additional sting: a new all-time high before the end of 2026 is ruled out entirely under this view.
The call runs against the more optimistic consensus that has built up around post-halving seasonality and ETF-driven demand. Whether the macro backdrop — still shaped by rate uncertainty and risk-off positioning — gives this bear case more runway remains the key variable to watch.
CoinDesk