Coinbase CEO Says Bitcoin Has Bottomed as Next Halving Supports Bullish Outlook

Summary

• Coinbase CEO Brian Armstrong believes Bitcoin has established its cycle bottom and could rise before the next scheduled halving event.
• Bitcoin gained 23% across 21 sessions, while easing selling pressure emerged near the crucial $83,000-to-$86,000 resistance range watched by traders.
• Stablecoin payments on Base grew 700% yearly as Coinbase prioritized tokenization, prediction markets, payments, and agentic finance for future growth.

Coinbase chief executive Brian Armstrong believes Bitcoin has reached its lowest point during the current market cycle. According to Armstrong, Bitcoin could trend higher for one or two years before its next scheduled halving. He presented the outlook during a Bloomberg Television interview while discussing cryptocurrency markets, payments, and Coinbase’s expansion priorities.

Bitcoin traded near $78,000 early Thursday, falling 1.7% within 24 hours and remaining roughly 38% below its record high. That peak, recorded near $126,000, remains the central benchmark for measuring the strength of Bitcoin’s developing recovery.

Despite this distance, Armstrong views the market structure as constructive enough to support appreciation through the approaching cycle.

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Bitcoin Selling Pressure Weakens Near Major Resistance Zone

Bitcoin has already recovered considerably from its summer lows, outperforming major United States stock indexes during the rebound. According to Glassnode, the cryptocurrency gained 23% across 21 trading sessions ending September 9, while equities remained broadly unchanged. However, Bitcoin now faces an overhead resistance area between $83,000 and $86,000, which could determine the recovery’s next direction.

Glassnode also found that selling pressure weakened as Bitcoin approached this technically important range during its recent advance. Its seven-day Sell-Side Risk Ratio stood at seven basis points daily, less than half August’s 16-basis-point peak.

Lower realized selling risk suggests investors are distributing fewer coins relative to Bitcoin’s overall market capitalization. Nevertheless, resistance between $83,000 and $86,000 could still restrict momentum unless demand absorbs available supply across that band.

Armstrong also highlighted Coinbase’s growth beyond Bitcoin, particularly through stablecoin payments operating on the company’s Base network. He reported that stablecoin payment activity on Base increased 700% year over year, underscoring expanding blockchain-based payment usage.

Moreover, projections cited by Armstrong place the stablecoin market at $3 trillion by 2030 as adoption spreads across financial services. Coinbase is therefore prioritizing payments, tokenization, prediction markets, and agentic finance as four major business areas heading into 2027.

These segments could diversify revenue while strengthening Coinbase’s position across digital assets, consumer finance, and institutional market infrastructure. For Bitcoin, Armstrong’s forecast ultimately depends on buyers reclaiming resistance and sustaining confidence throughout the halving cycle.

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