Bitcoin's Second $67,000 Rejection Triggers Prolonged Bottoming Phase

Bitcoin's recent rejection from $67,000 has increased short-term downside risk as its weekly stochastic RSI signals a potentially prolonged bottoming phase.

The indicator measures momentum rather than fair value, and it can remain depressed while price consolidates or begins recovering. However, the setup points to a prolonged bottoming process rather than a confirmed reversal.

Bitcoin's weekly stochastic RSI has entered oversold territory, but more importantly, the signal may not mark an immediate market bottom. More Crypto Online noted that previous cycles remained oversold for several months before Bitcoin established its final bear-market low.

The chart compares Bitcoin's current structure with the 2017-2018 and 2021-2022 market cycles, suggesting a possible low around the $45,000-$55,000 region in late 2026. The analyst's projection suggests continued volatility and further downside before a sustained recovery begins.

Bitcoin faces renewed sell-off risk after its second rejection from the $67,000 Point of Control, raising the possibility of another sharp decline. A previous rejection from this area preceded a 13% drop, making the level critical for BTC's short-term direction.