{"id":63634,"date":"2026-07-27T07:11:52","date_gmt":"2026-07-27T07:11:52","guid":{"rendered":"https:\/\/crypto-globe.com\/?p=63634"},"modified":"2026-07-27T07:14:05","modified_gmt":"2026-07-27T07:14:05","slug":"bitcoin-may-break-through-60000-again-however-four-indicators-suggest-a-bottom-is-approaching","status":"publish","type":"post","link":"https:\/\/crypto-globe.com\/en\/bitcoin-may-break-through-60000-again-however-four-indicators-suggest-a-bottom-is-approaching\/","title":{"rendered":"Bitcoin may break through $60,000 again. However, four indicators suggest a bottom is approaching"},"content":{"rendered":"\n

Bitcoin has been trading around $65,000 for several weeks now, while volatility and trading volumes remain subdued. Technical indicators, long-term price models, miner costs, and on-chain data collectively suggest that the end of the bear cycle is approaching, though one more significant drop cannot be ruled out.<\/strong><\/p>\n\n\n\n

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Technical and cyclical models await the final move<\/h2>\n\n\n\n

The two-month Stochastic RSI has dropped deep into oversold territory and its curves are approaching a bullish crossover. Similar signals<\/a> in previous cycles preceded trend reversals, but their impact typically materialized only after several months due to the long timeframe. This supports a scenario where a new growth trend might not begin until autumn, while the final price bottom is yet to be confirmed.<\/p>\n\n\n\n

A similar picture is offered by the Power Law model, which estimates the long-term bottom for the current cycle near $61,000. Although Bitcoin has briefly dipped below this level, previous cycles have shown that price<\/a> can significantly undershoot theoretical models. A decline below $60,000 therefore remains a realistic possibility, especially if selling pressure increases again in the market.<\/p>\n\n\n\n

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Miners are under pressure, on-chain data opens buying zone<\/h2>\n\n\n\n

Estimated production costs of bitcoin<\/a> are hovering around $80,000, significantly above the current market price. Miners are thus facing deteriorating operational economics and weaker companies may be forced to sell their reserves. A similarly significant gap between price and costs also appeared in 2018, when bitcoin weakened sharply before forming the final bottom. From a long-term perspective, however, this is also a potential bullish signal, as price has historically returned to production costs over time.<\/p>\n\n\n\n

The MVRV Z-Score<\/a> has meanwhile entered a zone that was historically favorable for regular DCA purchases. However, Bitcoin has only been in this zone for a short time and trading volumes have yet to confirm a convincing reversal. The four monitored indicators thus send a similar message: the market is likely approaching the end of the cycle, but the path to the actual bottom may lead through one more painful move downward.<\/p>\n\n\n\n

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Bitcoin has been trading around $65,000 for several weeks now, while volatility and trading volumes remain subdued. Technical indicators, long-term price models, miner costs, and on-chain data collectively suggest that the end of the bear cycle is approaching, though one more significant drop cannot be ruled out. You might be interested in: How to choose […]<\/p>\n","protected":false},"author":7,"featured_media":63626,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"yasr_overall_rating":0,"yasr_post_is_review":"","yasr_auto_insert_disabled":"","yasr_review_type":"","footnotes":""},"categories":[162,15],"tags":[18,22,16],"class_list":["post-63634","post","type-post","status-publish","format-standard","has-post-thumbnail","category-crypto","category-kryptomeny","tag-bitcoin","tag-krypto","tag-kryptomeny"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t