SKN | Bitcoin May Find $55K “Iron Bottom” Before Next Cycle, Analysts Say

Key Points:

• Analysts see Bitcoin bottoming near $55K in late 2026.
• MVRV Z-score suggests more downside before recovery.
• Next bull cycle peak could arrive around 2029.

Bitcoin Bear Market May Not Be Over

Bitcoin could still face a deeper correction before establishing a long-term bottom, according to new onchain analysis.

Data suggests the market may not have reached full capitulation yet, with indicators pointing to a potential “iron bottom” forming later in 2026.

MVRV Z-Score Signals Further Downside

At the center of the forecast is the MVRV Z-score, a widely used onchain metric that compares Bitcoin’s market value to its realized value.

Historically, bear market bottoms have coincided with this metric dropping below zero, signaling that the asset is deeply undervalued relative to its onchain cost basis.

Analysts note that the indicator has not yet reached those historical extremes, implying that another leg down could still occur.

$55K–$60K Seen as Key Bottom Zone

Based on historical patterns, projections place Bitcoin’s potential bottom in the $55,000 to $60,000 range.

This level aligns with previous cycles where price exhaustion, reduced selling pressure and undervaluation metrics converge to form a durable floor.

Accumulation Phase to Follow

Rather than an immediate rebound, the forecast suggests a prolonged accumulation phase lasting up to two years after the bottom forms.

During this period, long-term investors typically re-enter the market, while volatility declines and price action stabilizes before the next major uptrend begins.

Next Bull Cycle Could Peak in 2029

Looking further ahead, analysts expect the next major bull market peak to occur around 2029.

This timeline follows Bitcoin’s historical four-year cycle pattern, often driven by macro conditions, adoption trends and supply dynamics.

A Long-Term Perspective on Volatility

While short-term price movements remain uncertain, the analysis reinforces a familiar theme in crypto markets: cycles of boom and bust followed by consolidation and growth.

For investors, the projected path highlights the importance of patience, risk management and understanding long-term market structure rather than reacting to short-term volatility.