Bitcoin Cycle Low Identified by Analyst Ash Crypto

Cryptocurrency analysts often rely on patterns and trends to predict market movements. One such pattern identified by popular analyst Ash Crypto could indicate that the current cycle is at its low point.

Ash Crypto's theory suggests that each cycle, Bitcoin makes a new all-time high and then experiences a low exactly 23 months later. This pattern has played out across the past two cycles, with Bitcoin hitting an all-time high in January 2017 followed by a low in December 2018, and then making another peak in December 2020 before bottoming out in November 2022.

In the current cycle, Ash Crypto believes that the new all-time high was reached in March 2024. If his theory holds true, this would mean that the low point of the cycle occurred around February 2026 when Bitcoin dropped to around $60,000 before rebounding above $70,000.

Ash Crypto's argument is supported by three technical signals that all fired during the supposed low point in February. These include a weekly RSI drop to a four-year low, the worst sentiment index reading on record, and Bitcoin retesting its 2021 cycle high.