Did Bitcoin Already Hit Its 4 Year Cycle Bottom?

Bitcoin investors may have missed a major milestone early in the third quarter. New analysis of quarterly Bollinger Bands points to July 1 as a potential macro cycle bottom for the leading cryptocurrency. During that session, the price touched a low of $57,735 before finding support.

This indicator is often used by traders to identify long term price floors. While much of the market remained focused on short term volatility and negative sentiment throughout the summer, this technical setup suggests the worst of the drawdown could already be behind us.

If this floor holds, it confirms the typical pattern of a four year market cycle. Traders are now watching to see if Bitcoin can maintain its momentum above these key levels. If the price remains above the July low, it could signal that the next phase of the bull market is beginning to take shape.