Crypto pioneer Michael Terpin predicts $57K Bitcoin bottom in October

Michael Terpin, an early Bitcoin investor known as the Godfather of Crypto, has projected that the price of Bitcoin has not yet reached its bottom and is unlikely to hit a new all-time high this year. In a recent interview, Terpin said that for a full-fledged bull market to begin, the price would need to surpass the $100,000 mark, but he sees no clear support level at present. Citing past cycles and the establishment of resistance at $80,000, he predicted that the bottom is likely to form around the $57,000 level this October.