Michael Terpin: Bitcoin Could Bottom Near $60K in Q4 2026 Before Major Accumulation Phase

Early Bitcoin investor Michael Terpin said Bitcoin may bottom out around $60,000 in Q4 2026, potentially creating a long‑term buying opportunity ahead of what he expects to be a powerful accumulation phase in 2028 and 2029, following the next Bitcoin halving cycle.

Terpin’s Market Outlook

Terpin’s thesis is rooted in Bitcoin’s historical four‑year halving cycles, where:

• Prices often peak roughly 12–18 months after a halving
• A prolonged correction and consolidation phase follows
• Deep accumulation typically begins well ahead of the next halving

Under this framework, Terpin sees 2026 as a late‑cycle trough before the market resets for another multi‑year advance.

Why ~$60,000?

While emphasizing that exact bottoms are impossible to predict, Terpin suggested the ~$60K level could represent:

• A psychologically important support zone
• A level where long‑term holders and institutions may step in
• A valuation consistent with prior cycle drawdowns relative to previous highs

Looking Toward 2028–2029

According to Terpin, the most aggressive accumulation may not occur immediately after a bottom, but rather during the pre‑halving period:

• 2028–2029 could see large‑scale institutional and sovereign accumulation
• Supply dynamics tighten as issuance declines
• Long‑term narratives around Bitcoin as digital gold and a macro hedge strengthen

Market Implications

• Long‑term investors may view extended weakness as strategic accumulation time
• Short‑term volatility is likely to persist throughout the cycle reset
• Halving dynamics remain a key structural driver despite evolving market maturity

A Note of Caution

Terpin stressed that his outlook represents a long‑term macro view, not a short‑term trading call. Macroeconomic conditions, regulation, and unexpected shocks could materially alter the timeline.

Still, the core message is clear: if history rhymes, the most compelling Bitcoin accumulation window may arrive well before the next halving, with Q4 2026 potentially marking a major inflection point.