BIT: Bitcoin may bottom out during 2026 World Cup

BIT (formerly Matrixport) suggested in a report that the Bitcoin bear market has entered its final stage and could bottom out during the 2026 FIFA World Cup, which runs from June 11 to July 19. The report noted that a combination of technical patterns, weak market sentiment, and easing inflationary pressures could pave the way for a rebound after several months of decline, identifying a potential support level at $61,576. The core issue is inflation, the report analyzed, adding that a situation similar to the slowing inflation of 2022, which helped form a cyclical bottom, may be necessary this time. BIT highlighted that it could take one to three months for the market to show a definitive reversal but suggested the opening whistle of the World Cup may have marked the beginning of the current cycle's final chapter.