Bitcoin May Be Nearing Cycle Bottom as Key Indicators Flash Reversal Signals

Despite lingering market concerns, some analysts believe that Bitcoin may be approaching the bottom of this bear market cycle, rather than embarking on another deep decline. From a monthly perspective, the current technical formation is highly similar to the end stages of historical bear markets. The Relative Strength Index (RSI) exhibits typical oversold characteristics, which, while not guaranteeing an immediate price rebound, suggests that the market has moved away from the previous overheated selling pressure environment and is gradually entering a long-term bottoming phase.

Of particular note is that the copper-gold ratio is experiencing its longest downward cycle since Bitcoin's inception. This macro signal suggests that global economic risk appetite remains subdued. However, if this ratio begins to stabilize and rise, it may indicate that the business cycle is entering a recovery phase, improving the macro liquidity environment and providing moderate and sustained support for risk assets. This shift may not bring about a sharp rise, but is more likely to push Bitcoin into a slow but steady recovery cycle. Overall, Bitcoin's monthly structure is approaching historical bear market lows, and signs of a macro-level inflection point are quietly emerging. Together, these factors form a potential foundation for a reversal. Market participants may want to pay more attention to structural changes rather than short-term fluctuations.