Is the Worst Over for Bitcoin? New Analysis Examines Whether $57.7K Marked the Bottom
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BIT's July 17 market update says Bitcoin's slide to about $57,700 at the end of June may have completed the worst phase of its 2026 bear market after the firm correctly anticipated much of the recent BTC decline. It warns traders to assess whether the $57,700 low marks the end of the correction or is only a pause before another leg down, highlighting lingering market risk for crypto, DeFi and DEX/CEX participants.
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Bitcoin’s slide to around $57,700 at the end of June may have completed the worst phase of its 2026 bear market, according to a new market update published by BIT on July 17.
After correctly anticipating much of BTC’s decline in the last few months, the crypto investment firm now says traders should assess whether that low marked the end of the correction or was merely a pause before another leg down.
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