As Bitcoin trades back under $70,000 after its latest pullback, two well-known crypto analysts say a market bottom could be near — but patience will be required.
Investor Jordan (posting on X) argues that bearish momentum and selling pressure are slowing and points to a long-running technical signal that has historically marked Bitcoin’s cycle lows. His chart shows Bitcoin’s Relative Strength Index (RSI) on the verge of dropping below 30 — the traditional “oversold” threshold. According to Jordan, when Bitcoin’s RSI has fallen below 30 over the past 11 years, that low zone has often lined up with the cryptocurrency’s cost of production (the estimated break-even mining price) and preceded the next leg up to new highs. He therefore sees a high probability that the final bottom is either already in or very close — though he stresses it could still take several weeks or even months for the bottom to fully form and for price action to stabilize.
The backdrop has been a volatile few months for BTC: prices plunged toward $60,000, rebounded above $70,000, and then slipped to about $67,000 at the time of writing. That whipsaw has split market voices — some saying the cycle low is behind us, others warning of more downside.
A separate take comes from Titan of Crypto, who ties his timeline to Ichimoku charting: historically, Titan says, Bitcoin has tended to find a price floor roughly three to four months after an Ichimoku “Death Cross” forms. If that pattern holds this cycle, he predicts the bottom could arrive by the end of summer — likely in late August — before any sustained recovery.
Bottom line: technical signs like an RSI dip into oversold territory and historical Ichimoku behavior give analysts reason to think a cycle low may be approaching. But both experts emphasize timing uncertainty — the market could still take weeks to months to play out before a clear, durable bottom is established.
Read more AI-generated news on: undefined/news
