We collected YouTube bloggers' calls on BTC for October 16, 2026: where they expect the price to go and which targets and levels they name. Each call is the author's opinion, not investment advice.
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Bitcoin Magazine: new bull cycle expected as $57K marks local bottom for BTC
A Bitcoin Magazine analyst would have one believe that with a bottom of $57K in the rearview, Bitcoin is in the midst of a new bullish cycle. There is on-chain data and technical indicators to back up the notion of a market in recovery.
In June, for instance, large investors reached record levels of accumulation—one of the technical signals this analyst points to as evidence of a fresh cycle getting underway. The on-chain data are also telling, from ETF flows to substantial blockchain buying, all of which suggest a bottom has been put in place.
Then there are the two-week MACD and other technicals that present a textbook case of a bottoming pattern. The analyst makes the case that any chance of BTC dropping to $40K or even $20K is now minimal, given the seller exhaustion on display. One can see the early stages of a bull market in the way Bitcoin has made a quick recovery to between $60K and $80K from its $57K level. And since BTC remains 40% off the all-time high, the analyst sees plenty of upside potential ahead.
Lark Davis: bitcoin supercycle could push BTC to $500,000 if macro trends persist
Lark Davis, host of the show, has put forward the view that the old four-year Bitcoin cycle is over and global macroeconomics will have a greater influence on how the price behaves.
The analyst points to institutional and other large buyers as being firmly committed for the long term; 85-90% of those with a position in a Bitcoin ETF are still accumulating despite market weakness. That kind of resilience is bolstered by new regulations which have made it possible for American traders to use up to 6x leverage at lower cost and with less counterparty risk, all of which bodes well for the market.
Should the ‘supercycle’ hold, Davis sees no reason why Bitcoin would not make its way to $500,000 or Ethereum to $45,000 in the future. He cautions against any talk of a precipitous fall to between $22,000 and $40,000 in the near term as being nothing but risky speculation. In his assessment, it is interest rates and similar factors, or some geopolitical development, that will drive Bitcoin’s next big move. And if liquidity cycles lengthen, one may have to wait until 2028 for the next major peak.
VirtualBacon: key bull market support at $78,400; buy zone between $78,000–$80,000
VirtualBacon notes that the 50-week EMA and SMA are currently near $78,400, serving as the main support for Bitcoin; in his view, this makes it an important buying area.
The host behind VirtualBacon points out that in a bull market, these two indicators have historically been key supports for the asset. He references the $26,000 level from last year, for example, where the price did not drop below and it was a good entry point.
For now, he sees a support band at $78,400 and considers the $78,000 to $80,000 range the best area to make some buys, with a stop-loss set at $75,000. A break below $75,000 could indicate a change in the market’s structure and the end of the bull run, in his opinion. The trader believes that one should not be concerned with the typical corrections of an early bull market as long as the support holds, and recommends keeping the majority of one’s position in Bitcoin while allocating a small portion to altcoins during this pullback.
This article reflects the channel authors’ opinions and is not investment advice.
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