{"id":2653,"date":"2026-04-25T22:39:22","date_gmt":"2026-04-25T22:39:22","guid":{"rendered":"https:\/\/blog.coinsignals.net\/?p=2653"},"modified":"2026-04-25T22:39:22","modified_gmt":"2026-04-25T22:39:22","slug":"analyst-says-bitcoins-february-drop-to-60-thousand-signaled-market-bottom","status":"publish","type":"post","link":"https:\/\/blog.coinsignals.net\/index.php\/2026\/04\/25\/analyst-says-bitcoins-february-drop-to-60-thousand-signaled-market-bottom\/","title":{"rendered":"Analyst Says Bitcoin\u2019s February Drop to 60 Thousand Signaled Market Bottom"},"content":{"rendered":"\n
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Three key indicators aligned at the February low, including a four year low in the weekly RSI, extremely negative sentiment levels, and a retest of the 2021 cycle peak.<\/p>\n\n\n\n

Crypto analyst Ash Crypto believes Bitcoin\u2019s decline to around 60 thousand dollars in February 2026 marked the lowest point of the current market cycle. His view is based on a recurring pattern that he says has appeared consistently over the last two cycles.<\/p>\n\n\n\n

If this interpretation is correct, Bitcoin may already be entering the early phase of a new upward trend.<\/p>\n\n\n\n

The 23 Month Cycle Pattern Explained<\/strong><\/p>\n\n\n\n

Ash Crypto\u2019s theory centers on a repeating timeline. He argues that in each cycle, Bitcoin reaches a new all time high, and the market bottom forms exactly 23 months later.<\/p>\n\n\n\n

To support this, he pointed to January 2017 when Bitcoin reached a peak, followed by a cycle low 23 months later in December 2018. A similar pattern occurred in the next cycle, with a high in December 2020 and a bottom in November 2022.<\/p>\n\n\n\n

Applying this logic to the current cycle, Bitcoin hit a new all time high in March 2024. Based on the historical pattern, the bottom would have occurred in February 2026, which aligns with the price dipping to around 60 thousand dollars before rebounding above 70 thousand.<\/p>\n\n\n\n

Beyond timing, the analyst highlighted three major technical signals that appeared during the dip. The weekly RSI fell to its lowest level in four years, the sentiment index reached record pessimism, and Bitcoin revisited its 2021 cycle high.<\/p>\n\n\n\n

He noted that these combined factors have historically indicated market bottoms, suggesting that this cycle may follow the same path.<\/p>\n\n\n\n

On Chain Data Supports Partial Recovery Signal<\/strong><\/p>\n\n\n\n

Additional data from analyst Ali Martinez provides some support for this outlook. Bitcoin\u2019s Sharpe Ratio dropped sharply to negative 43 before recovering to around 20, indicating that the market may have absorbed the bulk of selling pressure.<\/p>\n\n\n\n

At the same time, the proportion of Bitcoin\u2019s realized market capitalization held by recent buyers has fallen below 7 percent. In previous cycles, this has suggested that retail investors have largely exited, leaving stronger hands in control of supply.<\/p>\n\n\n\n

Skepticism Remains Among Other Analysts<\/strong><\/p>\n\n\n\n

Not all analysts agree with the bullish interpretation. Ted Pillows offered a more cautious view, suggesting that the recent price bounce may be temporary and that further downside is still possible on higher timeframes.<\/p>\n\n\n\n

He explained that short term strength often attracts buyers before turning into exit liquidity during broader downtrends.<\/p>\n\n\n\n

At the time of writing, Bitcoin was trading near 78 thousand 500 dollars. Ash Crypto outlined two possible scenarios moving forward. A daily close above 80 thousand could drive prices toward the 86 thousand to 90 thousand range. On the other hand, rejection at that level could send Bitcoin back down to between 68 thousand and 74 thousand.<\/p>\n\n\n\n

The recent price rebound was partly driven by news of an extended ceasefire between the United States and Iran, which lifted market sentiment. However, renewed tensions prevented Bitcoin from breaking decisively above the 80 thousand level.<\/p>\n\n\n\n

Ali Martinez identified 73 thousand 700 dollars as a critical level. Holding above it could keep the path open toward 96 thousand, while falling below it would weaken the bullish case and bring the possibility of a drop toward 55 thousand back into focus.#crypto#cryptonews https:\/\/coinsignals.net<\/a> https:\/\/t.me\/coinsignalpublic<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Three key indicators aligned at the February low, including a four year low in the weekly RSI, extremely negative sentiment levels, and a retest of the...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2653","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/2653","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/comments?post=2653"}],"version-history":[{"count":1,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/2653\/revisions"}],"predecessor-version":[{"id":2655,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/2653\/revisions\/2655"}],"wp:attachment":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/media?parent=2653"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/categories?post=2653"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/tags?post=2653"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}