- Coinbase CEO Brian Armstrong says Bitcoin price has reached its cycle bottom and expects gains over one to two years.
- Armstrong describes $400,000 by 2030 as reasonable, below the $1 million forecast he published in 2025.
- Glassnode identifies resistance at $83,000–$86,000 while reporting lighter selling pressure than at the August peak.
Bitcoin price traded near $78,000 early Thursday, down approximately 1.7% over 24 hours, as Brian Armstrong called a cycle bottom. The Coinbase chief expects an upward trend over the next one to two years, approaching the next halving.
His September 10 Bloomberg Television interview also outlined a longer-term valuation view. Armstrong described $400,000 by 2030 as reasonable, while discussing regulation and Coinbase’s expansion beyond cryptocurrency trading.
Bitcoin price bottom call accompanies lower 2030 target
“I personally think we’ve seen the bottom of the bitcoin price in this cycle,” Armstrong told Bloomberg Television in Singapore. He linked his outlook to Bitcoin’s four-year market cycles.
In a separate CNBC interview, he presented $400,000 as a reasonable 2030 target. That Bitcoin price forecast follows the $300,000–$400,000 range he discussed on Fox Business in August.
The newer figures sit below his 2025 prediction of $1 million by approximately 2030. Armstrong has not published a detailed valuation model explaining the change.
His forecast expresses a personal assessment, rather than confirmation that the market cannot revisit its lows. Bitcoin still traded roughly 38% below its record near $126,000.
Selling pressure eases beneath institutional resistance
Glassnode’s September 9 research offers context for the Bitcoin price recovery. The firm reports a 23% advance over 21 sessions, while major U.S. equity indexes showed little movement.
Its seven-day Sell-Side Risk Ratio measured seven basis points daily, compared with 16 at the August peak. Lower readings indicate reduced realized profit-and-loss activity relative to the measure’s denominator.
Nevertheless, Bitcoin price faces a resistance band between $83,000 and $86,000. Glassnode links that area to holder acquisition costs and institutional break-even levels.
Beyond markets, Armstrong expects clearer U.S. crypto rules through legislation or SEC and CFTC action. He identifies stablecoin payments, equity tokenization, prediction markets and agentic finance as priorities heading into 2027.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
