Bitcoin to $44,000? Maybe, but Don't Wait for the 'Perfect Bottom,' Analyst Cautions

Benzinga05:21

Prominent crypto analyst Kevin Capital says he has begun dollar-cost averaging into Bitcoin (CRYPTO: BTC), even as his long-term roadmap points to a possible decline down to $44,000. In a podcast on ...

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Maybe, but Don't Wait for the 'Perfect Bottom,' Analyst Cautions\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-07-28 05:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/crypto/cryptocurrency/26/07/60713172/bitcoin-to-44000-maybe-but-dont-wait-for-the-perfect-bottom-analyst-cautions><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Prominent crypto analyst Kevin Capital says he has begun dollar-cost averaging into Bitcoin (CRYPTO: BTC), even as his long-term roadmap points to a possible decline down to $44,000.\nIn a podcast on ...</p>\n\n<a href=\"https://www.benzinga.com/crypto/cryptocurrency/26/07/60713172/bitcoin-to-44000-maybe-but-dont-wait-for-the-perfect-bottom-analyst-cautions\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MAXI","symbol_name":"比特币期货ETF-Simplify","start_time":0,"source_url":"https://www.benzinga.com/crypto/cryptocurrency/26/07/60713172/bitcoin-to-44000-maybe-but-dont-wait-for-the-perfect-bottom-analyst-cautions","article_id":"2654502607","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/cdn-cgi/image/width=3840,format=auto,quality=85/files/images/story/2026/07/27/Businessmen-Investor-Stock-Market-Value-.jpg"],"rights":{"source":"benzinga_hot_news","url":"https://www.benzinga.com/crypto/cryptocurrency/26/07/60713172/bitcoin-to-44000-maybe-but-dont-wait-for-the-perfect-bottom-analyst-cautions","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2654502607","pubTimestamp":1785187260,"columns":[],"sourceInfo":{"source_id":"benzinga_hot_news","name":"Benzinga"},"weMediaInfo":null,"summary":"Crypto analyst Kevin Capital is dollar-cost averaging into Bitcoin, expecting a decline to $56K-$44K. 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I’m still buying Bitcoin at these levels, and I will buy more Bitcoin if we go to those levels.\"\nKev Capital said BTC has now spent around 10 months in a bear-market drawdown, compared with the 12-to-14-month declines commonly seen in previous crypto cycles.\nKevin cautioned that investors who wait for an exact price target risk missing the broader recovery.\nHe pointed to the 2022 bear market, when Bitcoin initially fell into the $17,000-to-$19,000 range before declining to approximately $15,500 during the FTX collapse.\nInvestors who accumulated during the summer still captured most of the subsequent upside, he said, even though they did not buy the precise bottom.\n\"Waiting for that, slowly waiting for that, is dangerous,\" Kev Capital said.\nBitcoin remains in a technical downtrend, the analyst cautioned.\nIt is yet to reclaim its daily moving averages or the two-day 200 EMA and SMA, while monthly momentum indicators continue to reset.\nStill, several higher-time-frame indicators are beginning to improve.\nWhale money flow has shown signs of accumulation on the weekly chart, although the monthly indicator has not yet completed a bullish reversal.\nA sustained monthly reversal would provide stronger confirmation that large investors are accumulating aggressively.\nKevin plans to continue increasing his allocation as Bitcoin reaches major support levels and momentum conditions improve.\n\"Analysis is not for pinpointing perfect entries,\" he said. \"It’s for limiting your downside risk and giving your upside potential as much benefit as possible.\"\nHe floated a long-term target between $200,000 and $300,000, while acknowledging that predicting the exact peak remains difficult.\nImage: Shutterstock\nTo add Benzinga News as your preferred source on Google, click here.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.46.0","shortVersion":"4.46.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2654502607","isCrawlerRequest":true}