Analyst tips ‘visible flaws’ in Bitcoiners’ mid-bear market forecast
Crypto analyst Matthew Hyland said that all Bitcoin bottom signals flashed when Bitcoin’s price reached $60,000 in February.
Bitcoin may have already bottomed in early February at around $60,000 and is unlikely to go lower this year, according to a crypto analyst, despite expectations of another downturn.
“The dozens of bottom signals only flashed in synchrony at the bottoms. They were not flashing in the middle. Yet they all flashed in Q1 2026 at 60k,” Matthew Hyland said in an X post on Friday.
“To compare the current price action to mid bear market price action has major visible flaws because you did not have bottom signals flashing in the middle; they flashed at the bottoms,” Hyland said, pointing to chart movements in prior cycles.