Analyst Projects Bitcoin Cycle Bottom at $28,500 by Early 2027

Crypto market analyst Crypto Con said Bitcoin has not reached its cycle bottom and projects further downside to $28,500 by November 2026 to January 2027, citing Bear Bands charting and Halving Cycles Theory in a recent X post. His analysis of price history since 2011 shows each major cycle follows a three-stage bear sequence"a first low, a second low, and a final bottom"with the current first low at $64,000 already hit in February. The chart projects a second low near $44,500 between August and October 2026, and a deeper cycle bottom around $28,500, implying a decline of more than 60% from current levels above $72,000.