Galaxy Digital: Bitcoin's next cycle low could land above prior bear-market bottoms, with support seen at $53,600–$62,000

Galaxy Digital research cited by Cointelegraph says Bitcoin's cycle lows may form at higher price levels than in past bear markets as speculative activity cools. The report flags a potential bottoming zone between $62,000 and Bitcoin's actual price of $53,600. Alex Thorn, Galaxy's research director, reviewed major peaks and troughs across Bitcoin's history and said the four-year cycle remains closely aligned with the asset's long-term price pattern. The study also finds peak-to-trough drawdowns have progressively compressed, easing from early declines of 85% and 84% to 77% in 2022 and 51% in 2026.