Analyst says Bitcoin’s $60K bottom signals weaken bear-market forecast

Crypto analyst Matthew Hyland said multiple Bitcoin bottom signals flashed when BTC fell to about $60,000 in February.

Bitcoin may have already bottomed near $60,000 in early February and could avoid new lows this year, according to one crypto analyst, despite expectations of another downturn.

“The dozens of bottom signals only flashed in synchrony at the bottoms. They were not flashing in the middle. Yet they all flashed in Q1 2026 at 60k,” Matthew Hyland said in an X post on Friday. Hyland did not specify every indicator in the post, but argued that their simultaneous appearance distinguished the February low from mid-cycle bear-market action.

“To compare the current price action to mid bear market price action has major visible flaws because you did not have bottom signals flashing in the middle; they flashed at the bottoms,” Hyland said, pointing to chart movements in prior cycles.

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