Bitcoin is still trading above $60,000, but there are questions as to whether 
that area has already become the macro bottom for this correction or whether 
another crash could still drag the price back into that zone. Technical 
analysis using Bitcoin’s weekly RSI, prior cycle support, and the 21-week and 
50-week EMA trend presents the bullish side of that trend, but bears can still 
argue that confirmation has not arrived until Bitcoin breaks above the weekly 
EMA structure. Bitcoin Might Have Bottomed Already The strongest argument that 
Bitcoin may have already bottomed is from the weekly RSI indicator. According 
to the thesis shared by Cryptoposeidon on X, Bitcoin’s weekly RSI has fallen 
below 30 only four times in history. The first three came around the January 
2015, December 2018, and June 2022 lows, all of which later became macro 
bottom zones. Related Reading: XRP Analyst Flags Biggest Institutional Unlock 
That The Market Has Ever Seen Back in January 2015, Bitcoin&#8217;s RSI fell to 
about 28 when the price fell to $200. A similar pattern played out in December 
2018, when RSI dipped below 30 around $3,500, followed by about three months 
of sideways accumulation before Bitcoin broke higher. The third instance was 
June 2022, in the depths of the bear market that followed the Luna collapse. 
The fourth reading came in early February 2026, shortly after Bitcoin’s crash 
into a bottom around $63,000, and this supports the proposal that Bitcoin may 
have already gone through its major capitulation phase. The weekly candlestick 
timeframe chart below also shows the RSI recovering from a low band similar to 
the previous bear-market bottom zones, with the projected path suggesting that 
momentum could spend more time rebuilding before a stronger move returns in 
2027. Bitcoin Price Chart. Source: @CryptoPoseidonn On X What Confirmation And 
Return To $100,000 Actually Looks Like The last two bear markets both took 364 
days to move from peak to trough. The current correction is now 236 days old, 
which leaves a 128-day window for Bitcoin to make another low if it follows 
the same timing pattern. Related Reading: XRP Pushing To $100: The Market Cap 
Conversation Will Go Out The Window If This Happens However, looking at 
November 2022, Bitcoin broke below the prior cycle&#8217;s $19,900 peak and 
collapsed to $15,500, spending a brief period under $16,000. That breakdown 
was forced by the FTX implosion, a black swan event that liquidated billions 
in assets and obliterated confidence simultaneously. Without a comparable 
catalytic shock, current crypto market dynamics lack the mechanism to sustain 
prices below $60,000 within the remaining 128-day window for a bottom. 
Bitcoin&#8217;s long-term support band is between $58,000 and $66,000, and the 
February 2026 low is inside that range. Bitcoin can still wick to $55,000 or 
even $50,000 in a liquidation event, but spending a long period below $60,000 
would require a very strong bearish catalyst. On the other hand, a reclaim and 
monthly close above the weekly EMA and $80,000 in June 2026 would change the 
conversation from “Is $60,000 the bottom?” to “How fast can Bitcoin rebuild 
toward $100,000?” At the time of writing, Bitcoin is trading at $72,860, down 
by 1.2% in the past 24 hours. Featured image created with Dall.E, chart from 
Tradingview.com

Bitcoin is still trading above $60,000, but there are questions as to whether that area has already become the macro bottom for this correction or whether another crash could still drag the price back into that zone. Technical analysis using Bitcoin’s weekly RSI, prior cycle support, and the 21-week and 50-week EMA trend presents the &#8230;

Has Bitcoin Bottomed At $60,000 To Return To $100,000, Or Is This Just The Start Of Another Crash?

The proposal could streamline compliance for smaller funds but may reduce 
regulatory oversight granularity, impacting market transparency.
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thresholds appeared first on Crypto Briefing.

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White House reviews SEC, CFTC proposal to revisit swaps reporting thresholds

The lawsuit could set a precedent for holding AI executives personally 
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OpenAI&#8217;s delayed IPO could impact investor strategies and tech market 
dynamics, highlighting the influence of leadership priorities.
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France&#8217;s interception highlights increased global enforcement against illicit 
oil trade, potentially straining Russia&#8217;s economic resilience.
The post France intercepts sanctioned Tagor tanker linked to Russian oil trade 
appeared first on Crypto Briefing.

France&#8217;s interception highlights increased global enforcement against illicit oil trade, potentially straining Russia&#8217;s economic resilience. The post France intercepts sanctioned Tagor tanker linked to Russian oil trade appeared first on Crypto Briefing.

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Bitcoin kicked off June by tumbling below $71,000 for the first time since 
April, triggering a broader market sell-off that wiped out $627 million in 
leveraged positions and reduced the total crypto market cap to $2.52 trillion. 
Bitcoin Crashes Below $71,000 to Kick Off June Bitcoin started June on the 
back foot, tumbling below $71,000 […]

Bitcoin kicked off June by tumbling below $71,000 for the first time since April, triggering a broader market sell-off that wiped out $627 million in leveraged positions and reduced the total crypto market cap to $2.52 trillion. Bitcoin Crashes Below $71,000 to Kick Off June Bitcoin started June on the back foot, tumbling below $71,000 &#8230;

Has Bitcoin Bottomed At $60,000 To Return To $100,000, Or Is This Just The Start Of Another Crash?

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