Bitcoin: Cycle Bottom Scenarios Mapped by Analyst

Bitcoin trades at $60235.69 while holding its 200-week moving average, marking what @CryptoMichNL calls the cycle bottom unless that long-term support cracks and forces de-risking.

Analyst plans include loading NEAR as the largest position on dips, targeting Ondo between 25-27 cents on a sweep of lows, and monitoring Wormhole for bullish divergence, all framed against repeated historical bottoming patterns from prior cycles. BTC price prediction hinges on whether the current structure survives the ongoing crypto market crash narrative. With price testing upper Bollinger resistance at $60761.6 while RSI sits neutral at 48.06 and MACD prints a bullish golden cross of -328.62, a healthy retracement toward the 50-EMA support at $61142.47 appears probable before any sustained continuation, keeping the lower band at $59472.81 as the next volatility exhaustion target.