Analyst: Bitcoin's mid-term assessment of the bear market is clearly flawed. $60,000 may be at the bottom of the current round

Comparing the news, according to Cointelegraph, cryptocurrency analyst Matthew Hyland said that Bitcoin may have bottomed out at around $60,000 in early February and is unlikely to see a lower price later this year.

He pointed out that dozens of bottom signals appeared simultaneously when Bitcoin hit $60,000 in the first quarter of 2026, and these signals did not occur in the middle of the bull market. Hyland believes that the current market is not in the middle of a bear market; this judgment is clearly flawed because the bottom signal only flashes at the real bottom.

Previously, veteran trader Peter Brandt thought $60,000 might not be the lowest point in 2026, and Willy Woo said Bitcoin was only about one-third of the bear market.