Kev Capital Sees Bitcoin Bottoming Out Against Stocks Within Weeks

Analyst Kev Capital thinks Bitcoin may be nearing a major turning point against U.S. equities, citing multiple higher-time-frame indicators that suggest a bottoming process is underway.

The analyst pointed to Bitcoin's performance relative to the Invesco QQQ Trust (NASDAQ:QQQ), which tracks the Nasdaq 100, and noted that similar bottoming behavior is developing against the S&P 500, gold, and silver.

Bitcoin has been in a sustained downtrend against QQQ since around July 2025, but Kev highlighted a major support region between the 0.703 and 0.786 Fibonacci retracement levels, which overlap with levels that played an important role during and after the 2022 bear market.

Kev expects Bitcoin to establish a relative bottom against QQQ and other major assets within the next four to twelve weeks, potentially beginning a new uptrend by the end of 2026 or early 2027.