According to Cointelegraph, analyst Matthew Hyland believes Bitcoin bottomed around $60,000 in early February 2026, citing dozens of technical bottom signals that appeared simultaneously in Q1. Hyland argues that such signals only emerge at true market bottoms, not during mid-bear phases, making current claims of a bear market mid-cycle “fundamentally flawed.”
His view contrasts with other analysts: trader Peter Brandt suggested $60K may not be 2026’s low, while Willy Woo estimated Bitcoin has only completed roughly one-third of its bear market decline.
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