Has Bitcoin Bottomed At $60,000 To Return To $100,000, Or Is This Just The Start Of Another Crash?

Bitcoin is still trading above 60,000, but there are questions as to whether that area has already become the macro bottom for this correction or whether another crash could still drag the price back into that zone. Technical analysis using Bitcoin’s weekly RSI, prior cycle support, and the 21-week and 50-week EMA trend presents the bullish side of that trend, but bears can still argue that confirmation has not arrived until Bitcoin breaks above the weekly EMA structure. Bitcoin Might Have Bottomed Already The strongest argument that Bitcoin may have already bottomed is from the weekly RSI indicator. According to the thesis shared by Cryptoposeidon on X, Bitcoin’s weekly RSI has fallen below 30 only four times in history. The first three came around the January 2015, December 2018, and June 2022 lows, all of which later became macro bottom zones. Related Reading: XRP Analyst Flags Biggest Institutional Unlock That The Market Has Ever Seen Back in January 2015, Bitcoin’s RSI fell to about 28 when the price fell to 200. A similar pattern played out in December 2018, when RSI dipped below 30 around 3,500, followed by about three months of sideways accumulation before Bitcoin broke higher. The third instance was June 2022, in the depths of the bear market that followed the Luna collapse. The fourth reading came in early February 2026, shortly after Bitcoin’s crash into a bottom around 63,000, and this supports the proposal that Bitcoin may have already gone through its major capitulation phase. The weekly candlestick timeframe chart below also shows the RSI recovering from a low band similar to the previous bear-market bottom zones, with the projected path suggesting that momentum could spend more time rebuilding before a stronger move returns in 2027. Bitcoin Price Chart. Source: @CryptoPoseidonn On X What Confirmation And Return To 100,000 Actually Looks Like The last two bear markets both took 364 days to move from peak to trough. The current correction is now 236 days old, which leaves a 128-day window for Bitcoin to make another low if it follows the same timing pattern. Related Reading: XRP Pushing To 100: The Market Cap Conversation Will Go Out The Window If This Happens However, looking at November 2022, Bitcoin broke below the prior cycle’s 19,900 peak and collapsed to 15,500, spending a brief period under 16,000. That breakdown was forced by the FTX implosion, a black swan event that liquidated billions in assets and obliterated confidence simultaneously. Without a comparable catalytic shock, current crypto market dynamics lack the mechanism to sustain prices below 60,000 within the remaining 128-day window for a bottom. Bitcoin’s long-term support band is between 58,000 and 66,000, and the February 2026 low is inside that range. Bitcoin can still wick to 55,000 or even 50,000 in a liquidation event, but spending a long period below 60,000 would require a very strong bearish catalyst. On the other hand, a reclaim and monthly close above the weekly EMA and 80,000 in June 2026 would change the conversation from “Is 60,000 the bottom?” to “How fast can Bitcoin rebuild toward 100,000?” At the time of writing, Bitcoin is trading at 72,860, down by 1.2 in the past 24 hours. Featured image created with Dall.E, chart from Tradingview.com