Bitcoin: We Haven’t Seen The Bottom (Here’s Why)
1 extracted signal · 1 resolved · 0 still active
Jason Pizzino29 Jun 2026, 00:48 UTC
AI-generated source summary
The analysis focuses on Bitcoin's weekly chart, highlighting the cyclical nature of its price movements and the significance of key support levels. The speaker notes that Bitcoin has failed to break its cycle low, which is considered a bullish signal. The current price is observed to be testing the 50,000 level, which previously acted as a support and is now being tested as a potential resistance. The analysis points out several instances where Bitcoin exhibited similar patterns of decline, followed by consolidation and then further drops, suggesting a potential continuation of the bearish trend. The speaker emphasizes that the current price action, especially the failure to break lower and the presence of increasing volume on upside movements, suggests a potential reversal. Key price levels and Fibonacci extensions are discussed as potential targets and support/resistance zones. The speaker is looking for a bounce from the 50,000 to 43,000 level, with a potential target at 70,000. The analysis also touches upon the importance of the 200-week moving average as a crucial support level, which Bitcoin has recently broken below, signaling further bearish sentiment. The overall sentiment is cautious, with an expectation of volatility.
AI-generated summary based on the source content.
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Signals in this source
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Jason Pizzino
Tahlil Plus independently records and evaluates public market predictions. Extraction may be AI-assisted and results follow the Tahlil Plus methodology. This information is not financial advice.