Michaël van de Poppe states Bitcoin confirmed a bear market bottom via weekly bullish divergence and strong breakout, with the same pattern visible across altcoins and the bull cycle now underway.

According to @CryptoMichNL, the Relative Strength Index of Bitcoin BTC versus Gold has dropped below 30 for the fourth time on record, with prior sub-30 readings aligning with the 2015, 2018, and 2022 bear market bottoms for BTC (source: @CryptoMichNL). He notes this is not a guarantee of a bottom but highlights the repeated historical pattern as potentially meaningful for assessing BTC’s relative trend versus Gold in the current market context (source: @CryptoMichNL).