BEARISH 📉 : Bitcoin likely drops below $60,000 before cycle bottom
Analyst says the bottom isn’t in for Bitcoin. A final leg into the 200–300 week MA band is still possible.
Price is compressing toward long-term support, per a weekly MA setup. The structure has marked every major bottom since 2018, but one more drop below $60k could come first (NewsBTC) (NewsBTC).
Since October 2025, Bitcoin has trended lower, down ~50% from the >$126k ATH (NewsBTC). Price hovers near $70k, with evidence of an accumulation zone forming, though the low may not be set (NewsBTC).
A weekly chart shared by @thescalpingpro highlights the 200 and 300‑week MAs as cycle-defining floors. 2018 bottomed at the 200 WMA. March 2020 wicked to the 300 WMA. The 2022 FTX flush bottomed near the 300 WMA (X).
Key levels now:
- 200‑week MA — $59,268 (NewsBTC)
- 300‑week MA — $51,805 (Bitcoinist)
Price trades above both MAs but hasn’t tested them. The high‑probability accumulation band sits at $59.3k–$51.8k. A dip into this zone would fit the prior cycle pattern (NewsBTC) (Bitcoinist).
