Bitcoin Cycle Bottom Formed? Analyst Points to Two Crucial Signals

Bitcoin may have already formed its cycle bottom, according to a recent analysis by Marcel Knobloch. The analyst notes that Bitcoin has never once set a new cycle low after reclaiming its 20, 50, and 200-week EMAs for several consecutive weeks.

This historical signal suggests that the worst of the bear market may be over, with a 75% probability that the floor is set. Knobloch's analysis is based on data, rather than speculation or fear-driven predictions.