Bitcoin Trapped Near $63,000 as Trader Warns of Potential Months-Long Bottoming Process

Crypto trader Trader Mayne believes Bitcoin (BTC) remains trapped in its current range, and its potential cycle bottom may not be reached until late Q4 or early 2027.

In a recent podcast, Mayne highlighted that BTC has been stuck in the same price range since June, with investors yet to miss out on much even if the cycle low is already in place.

Mayne notes that Bitcoin's price action is 'a process,' drawing parallels with previous cycles where it took months for the asset to establish a base before breaking higher.