Bitcoin Could Bottom in 2026 World Cup Window, BIT Research Says
Bitcoin is likely entering the final phase of a bear-market correction and could bottom during the 2026 FIFA World Cup (June 11–July 19), according to a June 12 report by BIT Research.
The firm argues Bitcoin has followed an A-B-C corrective structure since the bear market began in October 2025. Wave A fell into the $60,000–$69,000 area, Wave B lifted BTC toward $80,000–$90,000 (peaking near $83,000 in mid-May), and the market is now in Wave C. BIT’s target for a potential bottom is $50,000–$55,000, with the World Cup period viewed as the highest-probability window for that low.
BIT also cites sentiment and technical stress signals: the Greed & Fear Index is at historically depressed levels (similar to the 2022 bottom), stochastic indicators are deeply oversold, and Bitcoin is trading at least two standard deviations below its weekly moving average. The report highlights a possible support area near $61,576 and points to Bitcoin’s Realized Price around $54,591 as a reference for undervaluation.
On fundamentals, the report compares today’s macro setup with 2022, when cooling inflation helped confirm the cycle low. It expects Bitcoin may need another 1–3 months before a clearer reversal emerges.
Price context: after rejection near $73,000 in early June, Bitcoin dropped through $70,000 and $60,000 support, bottomed just above $59,000 last Friday, then rebounded to about $63,000. At the time of writing, Bitcoin was trading below $63,000, down over 22% in 30 days and nearly 42% year-over-year.
Bullish
This is coded as bullish because the core thesis is a *potential* near-term bottoming window for Bitcoin during the World Cup, supported by oversold technical conditions and depressed sentiment.
Key trading implications:
- Short term: Bitcoin has recently broken and re-tested major levels ($60,000 support) and is trading well below its weekly moving average. That often keeps volatility elevated and can produce “one more leg down.” The report’s 1–3 month wait for confirmation matches that pattern: oversold doesn’t always mean immediate reversal.
- Medium term: If Bitcoin indeed completes Wave C and approaches the $50,000–$55,000 target, traders may see a higher probability of bounce attempts and improving risk/reward for long-biased setups.
Why this can matter historically: the report compares current conditions to 2022, when cooling inflation and extreme sentiment/technical stress coincided with cycle lows. While the exact drivers differ, the market behavior around similar “oversold + macro cooling” combinations tends to produce a bottom first (often spiky), then a gradual confirmation.
Long term: a confirmed bottom would reset the trading range and can shift positioning from defensive to accumulative. However, the timeframe dependency (World Cup window) means traders should watch for macro/inflation surprises and whether oversold readings convert into sustained higher lows—confirmation is the key.