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🔥 Bitcoin to $38K by October? NYDIG Maps the Bear-Case Path
NYDIG just outlined a scenario where 🔶 $BTC falls toward $38,000–$39,000 by October, extending its decline to roughly 70% from the $126,080 peak. The reason?
This cycle may still be missing the kind of capitulation usually seen near a real market bottom.
The firm says leverage, not strong spot demand, is driving the current moves, while more than half of all Bitcoin sits at an unrealized loss. If the 2025–2026 correction follows the timing of the 2022 bear market, 🔶 $BTC could still have another painful leg lower.
But NYDIG was clear: this is a historical scenario, not a direct forecast. Other analysts see support closer to $59,000–$60,000, while Galaxy Digital also sees a possible move near $40,000. For now, the market still has no clear agreement on where the real bottom sits.
#BTC #Bitcoin$bitcoin