Bitcoin Bear Market Bottom Signal
Bitcoin is very close to the bottom, at least in this current wave.
Too little corroboration in the last 3 days to call a trend (19 articles). Watching for it to gain traction.
Widely followed analysts including Michaël van de Poppe are pointing to technical formations such as higher lows as evidence that downside momentum is fading and a retest of resistance levels may be approaching. The thesis centers on wave structure analysis suggesting the current corrective phase is in its final stages rather than an early or middle phase of decline.
Bottom-calling by credible technical analysts tends to shift retail and tactical trader positioning, as it provides a framework that justifies accumulation and reduces the psychological barrier to buying, which can itself contribute to the demand-side conditions that confirm the thesis over time.
A mix of mainstream and niche sources — coverage is broadening.
"Michaël van de Poppe, a widely followed cryptocurrency analyst and trader, reaffirms his Bitcoin thesis, noting a higher low formed and potential tests of recent highs in the days ahead."
"He pointed to confirmed weekly and daily bullish divergences, improving momentum despite depressed prices, and support around the 50-month moving average and the 200-week moving average. He also highlighted on-chain data showing what he described as the fastest whale accumulation on record."
"Thorn estimates the cycle low could arrive sooner than in some prior downturns, as the current selloff is about eight months old versus 12–13 months in earlier cycles."
"Pompliano pointed to several on-chain indicators that historically appear near major cycle bottoms. One metric he highlighted shows the percentage of Bitcoin supply being held at a loss has now surpassed the percentage being held in profit."
"Pompliano argued bear markets are getting shallower each cycle and current metrics historically signal proximity to a bottom."
"Influential cryptocurrency analyst and trader Ali Martinez said on Monday that Bitcoin (CRYPTO: BTC) is nearing a bottom, marking the start of a major accumulation cycle."
"Specifically, the blockchain expert noted that BTC tends to form ‘major bottoms’ once more than 10 million coins are owned at a loss by digital assets investors while highlighting that at the time of writing early on June 7, the figure stood at 10.46 million."
"On the other hand, speculative buyers, who believe BTC is near a bottom and likely to rise, can gain significant upside through these ATM MSTR calls."
"However, price later find support near 200-week moving average, a widely watched long-term indicator that has often acted as a strong support area during major corrections."
"On-chain metrics, however, are beginning to show conditions often associated with late-stage capitulation. According to analyst Seth, the percentage of Bitcoin holders in profit has reached a long-term trendline that has coincided with major cycle lows in previous drawdowns."