Bitcoin's Macro Bottom May Have Formed, Three Indicators Suggest Cycle Bottom
By: rootdata|2026/08/07 13:21:43
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On August 7, crypto analyst Alicharts stated that Bitcoin's macro bottom may have already formed, citing the following reasons: 1. A TD Sequential buy signal has appeared on the Bitcoin monthly chart, which is relatively rare and has successfully indicated the market bottom in 2022; it may now point to a similar bottom again. 2. Bitcoin is hovering near the 50-month simple moving average, a support level that has coincided with significant market bottoms multiple times since 2014. 3. The Chande Momentum Oscillator (CMO) has dropped to -71, a level last reached in June (when Bitcoin fell to around $57,000). Historically, such low readings are often associated with major bottoms.
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