Bitcoin bottom signals reappear? Analysts say "simple mathematical model" may indicate key support for a new cycle

March 10 News: As the crypto market continues to fluctuate, the next phase of Bitcoin’s price movement has once again become a focus for traders. Crypto analyst Chetan Gurjar recently reviewed a analysis framework that successfully identified the 2022 bear market bottom and noted that this model may once again provide important reference points for Bitcoin’s price structure.

Gurjar stated that during the last bear market, he used long-term Fibonacci structural levels to determine the market bottom area. At that time, Bitcoin’s price repeatedly fluctuated near key technical zones, ultimately bottoming out almost precisely at that level before beginning a rebound. This method does not rely on short-term technical indicators but focuses on observing Bitcoin’s price response over long-term cycles.

The core logic of this model is market structure repeatability. When prices repeatedly oscillate around the same key level across multiple cycles, that area often becomes a significant structural point. In previous cycles, Bitcoin encountered strong resistance near this price zone, forming a clear technical ceiling.

However, key changes in market structure often occur after resistance is broken. Gurjar pointed out that when Bitcoin successfully breaks through a long-term resistance level and continues to trade above it on higher timeframes, that area typically shifts from resistance to new support. This “resistance turning into support” structural transition is often seen by technical analysts as an important signal of trend continuation.

At the end of the 2022 bear market, this transition helped confirm the formation of the market bottom. Now, with Bitcoin’s price again trading above a similar long-term structural zone, some traders are beginning to reassess the current market cycle.

Analysts believe that if this long-term structure remains valid, Bitcoin may form a new cycle bottom near this key support area in the future. Meanwhile, macro capital flows, institutional allocations, and market sentiment will also influence price movements.

Although technical models cannot guarantee that future prices will exactly repeat history, many traders still regard long-term Fibonacci structures as an important tool for judging Bitcoin’s market cycles. As the market enters a new phase of volatility, whether the key support zone can hold will also be an important signal for observing the next trend.