Analysts split on Bitcoin bottom as price holds $67,800

Coinvo says Bitcoin is near a cycle bottom. Willy Woo warns a bull trap may come first.

Analyst Coinvo points to a 23‑month pattern from all‑time highs where Bitcoin bottoms, noting “never failed” across prior cycles source. He expects a post‑bottom expansion and has floated upside potential to $150,000 source.

He also says BTC is mirroring gold’s 1970s bull pattern, implying a bullish reversal once the bottom forms source, context.

Macro pressure persists from U.S.–Iran tensions and surging oil. Oil touched $115 today, stoking inflation worries source, while rising geopolitical risk has weighed on BTC in recent sessions source. Coinvo argues higher oil isn’t necessarily bearish for BTC and says a “secret bull‑run” signal has flashed for the fourth time in history source.

Willy Woo cautions that a bull trap is forming and the bottom may not be in yet. He sees BTC mid‑cycle by long‑range liquidity, with typical sideways action before a rebound test of resistance source.

Woo adds the setup favors a rally to test the mid‑$80,000s, roughly the short‑term holder cost basis, helped by investor flow recovery since mid‑February and a potential shift to risk‑on as equity volatility resets source, context.

Key levels and signals:
- 23‑month post‑ATH bottom window flagged by Coinvo source
- Post‑bottom expansion scenario up to $150k source
- Gold‑like 1970s pattern cited for BTC source
- Bull‑run signal flashed fourth time source
- Woo eyes mid‑$80k resistance retest first source

BTC trades near $67,800, up on the day price.