Cryptocurrency analyst Jason Pizzino's latest research suggests that Bitcoin's price may not reach a long-term bottom until October 2026. Currently, BTC trading volume is declining, similar to the pattern seen in late 2022 and early 2023, reducing the likelihood of a short-term bull market resurgence. Meanwhile, CryptoQuant data shows that the share of exchange deposits held by large investors has fallen from 47% in mid-November to the current 21%, with average deposits shrinking by 36%, indicating easing selling pressure. If this trend continues, BTC's price could rebound to $99,000. The analyst points out that the 200-day simple moving average presents strong resistance, and with insufficient market risk appetite, Bitcoin may need to undergo a consolidation period before a new round of market activity. (Cointelegraph)