TechFlow News, June 27: Ali Charts stated that Bitcoin’s current price action suggests a market bottom may be forming, making this phase potentially one of the most attractive long-term entry windows of the past decade.
It noted that the 200-week Simple Moving Average (SMA) has long served as a key technical indicator for identifying Bitcoin cycle bottoms. Historical data shows that after Bitcoin touched or fell below this SMA in 2015, 2018, 2020, and 2022, each instance was followed by a new bull cycle—hence this level is generally regarded as a macro-level accumulation zone for long-term capital.
Currently, Bitcoin’s 200-week SMA stands at approximately $63,500, while its spot price hovers around $60,000—still slightly below this critical level. Ali Charts believes that if Bitcoin subsequently reclaims and confirms the 200-week SMA as support, historical precedent suggests this often signals the early stage of a new bull market.
However, he also cautioned that Bitcoin could still decline further—to $54,000 or even $40,000—so long-term investors are advised to accumulate gradually within the $58,000–$40,000 range to lower their average entry cost. Note: The above views reflect only the analyst’s personal judgment and do not constitute investment advice.
