When Bitcoin traded at 63,000 on August 18, 2026, we turned bullish. We had expected a Bitcoin cycle bottom to be confirmed in August, and our early-August reports laid out how to position for the upturn through Bitcoin call options, which returned 10x that month. Most investors stayed skeptical, waiting for a news catalyst to confirm the low. Some would have loved to see the CLARITY Act pass and take it as the golden signal that all was clear. But trading does not work that way. No headline marks the bottom.
We expected the low to arrive during the year's most boring stretch, and at the beginning of the year, we correctly identified that period as the FIFA World Cup, when interest in Bitcoin was at its weakest. As we wrote in our August 3, 2026 report, 63,000 was the only number that mattered. Today, more traders are gaining confidence that Bitcoin has entered a new bull market. In today's report, we identify the minimum target for this bull market, derived, as always, from our analytical process.
Bitcoin (LHS) vs. its 1-year moving average
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