Is Bitcoin Really Headed to $38,000? NYDIG’s October Scenario, Explained
Key Takeaways NYDIG sees a potential bitcoin cycle low near $38,000-$39,000 by October if a 2022-style drawdown repeats. Bitcoin is currently trading near $64,500, down about 30% in 2026 and roughly 50% below October 2025’s $126,080 peak. K33 researchers believe the $60,000 area already marked this bear market’s maximum drawdown. A Bleak Scenario Bitcoin financial…
