Bitcoin Analyst Sees Possible $40,000 Low In 2026 After Price Stalls Below $94,000

Bitcoin has traded between $85,000 and $93,000 for over a month, repeatedly failing to reclaim resistance at $94,000 while hovering just above $87,860. Market analyst NoLimit recently suggested on X that BTC could form a cycle low near $40,000 in 2026, implying a drawdown of about 54% from current levels. He bases this view on Bitcoin's recurring four-year cycles, past peak-to-trough declines of 77%–85%, and technical areas around $40,000 that he believes could set the stage for the next major rally.