Grayscale Points to Two Bitcoin Bottom Scenarios: September-October or Already Reached

According to Grayscale's latest assessment, the crypto asset manager outlined two divergent scenarios for Bitcoin's price bottom. If the four-year cycle theory holds based on historical patterns, Bitcoin could bottom in September or October, with past cycles showing price floors forming approximately one year after market peaks.

Alternatively, Grayscale noted that if macroeconomic factors take precedence—with a strong U.S. economy and no further Fed rate hikes—Bitcoin may have already bottomed out. The firm emphasized that as Bitcoin matures as an asset class, its price increasingly correlates with macroeconomic conditions rather than classic market cycles.