Bitcoin Price Signals Final Capitulation Ahead of Next Bull Run

Bitcoin's price has been stable lately, despite weeks of downward pressure, and is currently trading at $59,869. Analyst Ash Crypto believes that this could be a sign of the market nearing its final capitulation before the next bull run.

Ash Crypto's forecast on July 1, 2026, suggested that Bitcoin might be approaching the last phase of its current correction period prior to the next uptrend. The asset is trading below the 50-month Moving Average (MA), which represents the lowest technical strength level for the asset in over two years.

The monthly MACD indicator is now more bearish than it was at any point during 2022, but Ash Crypto believes this could equally indicate that the current correction will be coming to an end soon. The analyst anticipates an eventual capitulation within the next two to three months prior to a potential uptrend.

For Bitcoin to break through and signal the start of a new trend, it needs to break above the 200-week Moving Average of around $62,648. In the short-term time frame, the signs are positive for the market as selling is starting to show signs of exhaustion.