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

GateNews

Price Prediction Market Analysis bitcoin news

2026-05-09 00:38:11

BTC-0.81%

WOO-1.75%

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.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

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