Bitcoin Could Still Drop to $57K Before Real Bottom, Says Michael Terpin

Analyst Michael Terpin predicts Bitcoin could drop to $57,000 before hitting a final bottom around October 2026, citing ongoing pressures like oil volatility, the Iran conflict, tight liquidity, and delayed rate cuts. He views the current recovery as a relief bounce, not a bull run, and highlights $100,000 as a key target for renewed bullish momentum.