Bitcoin Bear Market Ending? Analysts Flagged 2 Bottom Signals

1 hour ago 1



Bitcoin is trading at its immediate support at $77,290, down 2.2% over the past 24 hours. Not an exciting price action, sure, but after a brutal August drawdown, it’s exactly the kind of stall that technicians get excited about. Two signals in particular are doing the rounds this week, and they’re worth unpacking before deciding whether this is a bottom or a bull trap. Market analyst Will Clemente now puts the odds of a completed cycle bottom at 70–75%, pointing to an on-chain capitulation cluster paired with a drawdown structure that mirrors prior cycle lows. Bitfinex on-chain data separately shows repeated buyer defense of the $76,000–$76,350 zone, the average cost basis of active investors, with each retest attracting fresh demand. A completed volatility compression pattern is adding weight to the bottom thesis among traders watching realized volatility metrics. Whether this holds depends on what happens at resistance overhead, and on whether institutional flows keep validating the floor. Both are testable in the days ahead. Market Intelligence: Crypto Analyst Predicts Best New Crypto to Hodl Can Bitcoin Price Hit $82,000 This Week? BTC is consolidating between $77,000s to low-$...

Read Entire Article