Expert Predicts Bitcoin price could fall to $45,000 by the end of 2026

Ben Graham · February 6

Bitcoin (BTC) has officially entered a new bear market after suffering a steep 50% decline from its all‑time high. The leading crypto fell as low as $60,000, marking its weakest level since October 2024 and intensifying debate over how much further prices could slide before the next long‑term bottom is reached.

As markets search for direction, crypto market expert NoLimit has shared a detailed framework outlining when and where he believes Bitcoin could ultimately bottom in this cycle.

Rather than focusing solely on price targets, NoLimit argues that time plays an equally important role in identifying major turning points in Bitcoin’s market cycles.

Potential Bitcoin Low In Oct–Nov

According to his analysis, past Bitcoin bear markets show a relatively consistent pattern when measured from all‑time highs to cycle lows. Following the first Halving cycle in 2012, Bitcoin reached its bottom after 406 days.

The second Halving cycle in 2016 saw a bottom after 363 days, while the third cycle following the 2020 Halving bottomed after 376 days. The current cycle, following the 2024 Halving, has not yet completed this process.

Based on these historical timeframes, NoLimit believes there is a high statistical likelihood that Bitcoin’s next major capitulation point will occur between October and November 2026.

What NUPL Data Suggests

In his analysis, NoLimit also highlighted an institutional‑grade on‑chain indicator known as Net Unrealized Profit/Loss, or NUPL. Historically, when NUPL enters what is referred to as the “blue zone,” Bitcoin has reached generational lows.

This signal successfully identified the bottom during the 2018 bear market, the COVID‑19 crash, and the 2022 market low. According to NoLimit, Bitcoin has not yet entered this zone in the current cycle and remains some distance away from it.

Taking all factors into account, NoLimit said he would not be surprised to see Bitcoin trading between $45,000 and $50,000 by the end of 2026. He described that range as his ultimate bottom target.