Hello Everyone!
Bitcoin hit a new low of $59,000 this week as the bear market continues. In this update, we’ll break down the latest weekly price action, the ongoing struggle around the previous cycle’s $60K–$70K zone and the 200-week SMA, and why more downside is still likely.
I’ll share my cycle bottom/top approach, now giving cycle timing equal weight with indicators for better accuracy. We’ll also talk about M2 money supply projections, bear market comparisons, support levels from volume profile, Bear Bands, Magic Bands, and more.
We’ll also go over updates on long-term cycle bottom data after the move to 59k. Despite some bounces and early bullish signals, the overall picture and cycle positioning still point to more pain ahead, with the November 2026 – January 2027 timeframe remaining key.
Enjoy!
