Michael Terpin

Bitcoin is likely to decline from current levels around $83k because the cycle bottom typically takes about a year after the initial high, and multiple indicators (coin days destroyed, 35-month cycle, 23-month post-ATH pattern) point to an October low around $42-55k. Institutional buying from MicroStrategy and ETFs provides a floor but does not prevent a drop below $60k to the 200-week moving average. Terpin's fund is actively shorting, expecting to buy back in the $50-60k range.