Analyst: There are obvious flaws in the judgment of the mid-stage Bitcoin bear market; $60,000 may have already been the bottom of this round

According to Cointelegraph, cryptocurrency analyst Matthew Hyland stated that Bitcoin may have bottomed out around $60,000 in early February, and it is unlikely to see lower prices later this year.

He pointed out that dozens of bottom signals appeared simultaneously when Bitcoin reached $60,000 in the first quarter of 2026, while these signals do not appear in the middle of a bull market. Hyland believes that the current market is not in the middle of a bear market, and this judgment has obvious flaws because bottom signals only flash at true bottoms.

Previously, veteran trader Peter Brandt believed that $60,000 might not be the lowest point in 2026, while Willy Woo stated that Bitcoin has only completed about one-third of its bear market journey.