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Bitcoin bottom debate amid bearish sentiment

Traders are split on whether Bitcoin has bottomed, with several naming $40k–$50k as buy zones and sentiment described as despair.

Bitcoin (BTC/USDT)
$65,529 +1.6% · 3 mo
$62,751$75,073$87,39617 Aug1 Oct 2614 NovThis story
Daily candles (UTC). Source: Binance.

Not yet known

  • Whether Bitcoin has bottomed
  • Whether a Q4 2026 bottom will hold
  • Whether the $40k–$50k range is a buy zone
  • How far sentiment will recover from despair

What we know

A trader who expected a Q4 2026 bottom questions whether it holds. Another says despair is how bottoms feel, while one names $40k–$50k as dream buys. Others say they are in cash.

Prediction market

Will Bitcoin dip to $45,000 by December 31, 2026?

7%chance
Related questions
Will Bitcoin dip to $55,000 by December 31, 2026?24%
Will Bitcoin dip to $50,000 by December 31, 2026?15%
Will Bitcoin reach $250,000 by December 31, 2026?<1%

Traders' bets on Polymarket, not a forecast by Global Eye 24. Polymarket · $9.6m traded · updated 14:54 UTC

What people are posting

Posts on X this story draws on. They are individual users' views and have not been verified by Global Eye 24.

@tradermatt

“my dream buys on bitcoin are between $40,000 and $50,000”

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By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.