According to @CryptoMichNL, BTC started the week strong and is likely to see further near-term consolidation, but a monthly candle close above $90,000 would be a strong signal that the recent low for Bitcoin is in [source: @CryptoMichNL]. For traders, he frames $90,000 on the monthly timeframe as the key validation level for a bottom-in thesis, while a monthly close below that level would leave the confirmation absent [source: @CryptoMichNL].