Bitcoin Price Predicted to Fall to $43,500 Before Hitting Rock Bottom

August 4, 2026 · Markets · CryptoRefuge Team

Bitcoin's price may have already erased half of its market cap, but veteran crypto investor Michael Terpin believes the asset still has further to fall before hitting rock bottom.

$43,500 predicted price of Bitcoin after a 66% drop from its all-time high 66% percentage drop from Bitcoin's October 2025 all-time high This prediction is based on Terpin's analysis of the current market sentiment and the historical performance of Bitcoin.

Live market snapshot (at publish): BTC $63,926 (+2.2% 24h) · ETH $1,871.39 (+2.0% 24h)

The US 10-year yield has been steadily increasing, reaching 4.2% as of August 2026, which may exert downward pressure on Bitcoin's price.

4.2% US 10-year yield as of August 2026 Additionally, the recent surge in oil prices, with Brent crude oil reaching $80 per barrel, may also contribute to the bearish sentiment. $80 Brent crude oil price per barrel

Terpin's prediction is also influenced by his belief that institutions will sell their Bitcoin holdings, which could lead to a further price drop. He notes that institutions "absolutely sell" and that the argument that they don't is "garbage."

"We still have more pain to go" — Michael Terpin, veteran crypto investor "I think that brings us down into the 40s, and I think that’s about where we’re gonna go" — Michael Terpin, veteran crypto investor

The crypto sector has been experiencing a period of increased volatility, with many tokens experiencing significant price swings. The total value locked (TVL) in DeFi protocols has also been declining, reaching $2.4B as of August 2026.

$2.4B total value locked in DeFi protocols as of August 2026

Analysis: If Bitcoin's price falls to $43,500, it could lead to a further decline in investor sentiment, potentially triggering a sell-off in the broader crypto market. However, if the price holds above $40,000, it could be a sign that the market is nearing a bottom, and a potential rebound could be on the horizon. Investors should closely watch the price action around the $40,000 level, as a break below this level could signal further downward momentum.

The next key level to watch is the $40,000 support level, which could determine the direction of the market in the coming weeks. With the current market sentiment and the predicted price drop, investors should be prepared for a potentially volatile period ahead.