Bitcoin Likely Bottomed at $60K in February, Analyst Says, Citing Synchronized Bottom Signals

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.