Galaxy Digital: Bitcoin's cyclical lows may be higher than previous ones, with a potential bottom of $62,000 to $53,600.

CoinFeed reported on June 13th that, according to Cointelegraph, a new study by Galaxy Digital suggests that the Bitcoin cycle lows may occur at higher price levels than in previous bear markets due to a lack of speculative activity. The analysis identifies a potential bottom between $62,000 and the actual Bitcoin price of $53,600. Alex Thorn, Head of Research at Galaxy, analyzed every top and bottom of the Bitcoin cycle, noting a strong correlation between the four-year cycle and Bitcoin's historical price action. The percentage drop from peak to trough has steadily narrowed across various market cycles, decreasing from 85% and 84% in earlier periods to 77% in 2022 and 51% in 2026.