Bitcoin Halving Cycle 2026: Are We Near the Bottom or Still Falling?

This article examines Bitcoin’s market position after its halving, analyzing whether the price is bottoming following a decline of over 50% from its October 2025 peak of $126,000 to around $61,000-$62,000. It argues that ETF flows, macro conditions, and leverage liquidations, not the halving itself, will determine price direction, identifying possible bottoming signals near $58,000-$60,000.