"We're already on the way to the cycle bottom," says Jason Pizzino
Bitcoin has already tested $58K, which sits at the upper end of his projected bottom range of $43K-$58K. However, he believes the final confirmation of the bear market's end is still ahead.
The key level this week is $62.5K. If BTC closes the week below its 200-week moving average, history suggests another 12% downside, potentially toward $51K.
Pizzino argues that even if the absolute bottom isn't in yet, the market is likely in the final stage of the bear cycle.
Several signals still need to align:
🔹 No major capitulation volume spike has appeared yet.
🔹 USDT dominance continues to rise, indicating capital is still leaving crypto.
🔹 The Fear & Greed Index needs to recover from fear into neutral and eventually greed to confirm a new cycle.
The next few weeks could be decisive in determining whether Bitcoin is building a long-term bottom or has one more leg down left.
June 26, 2026 24.6K 1
