According to independent chart analyses by Ted Pillows and Trader Tardigrade, Bitcoin may have entered a new long-term recovery phase. One chart indicates that support levels remain above key weekly moving averages, while another shows that the monthly RSI pattern matches previous cycle bottoms.
Bitcoin's Bottom Structure Points to a Potential Multi-Year Uptrend
This structure indicates that Bitcoin is undergoing a correction period while staying above critical long-term averages as it forms a bottom. This pattern resembles earlier cycle bottoms, where Bitcoin first stabilized, then slowly recovered, before entering a stronger uptrend. In this case, analysts believe the market may still be in a bottoming phase rather than a fully confirmed breakout phase.
The predicted path on the chart shows that Bitcoin will consolidate above the long-term average before starting a new round of ascension. This trend is expected to expand into a broader price expansion phase over the coming years. The idea behind this chart is not that a rebound has already begun, but rather that the current structure appears closer to accumulation than collapse.
However, this remains a hypothesis rather than a confirmation. Bitcoin must continue to hold above key support levels for this pattern to remain intact. If so, traders may view the current structure as another long-term bottom forming before a new uptrend.
Bitcoin RSI Pattern Indicates Possible Bottom, New Uptrend Formation Underway
Trader Tardigrade shared a monthly Bitcoin chart, suggesting that based on the relative strength index behavior from previous cycles, the market may have formed a bottom in February 2026. The chart displays a repeating structure where Bitcoin first posted an impulsive rise, then the RSI broke below its support trend line, leading to a correction phase lasting about 12 months.
In the two previous examples on the chart, the RSI breakout occurred after a strong rise, followed by about a year of correction, after which Bitcoin bottomed. Subsequently, the RSI regained its upward structure, and Bitcoin began another impulsive rise, leading to new all-time highs. The latest setup appears to follow the same pattern.
According to the analysis, the current cycle has now reached the 12th monthly candle since the RSI breakout. This timing places Bitcoin at the same point where the previous bottoms formed on the chart. Therefore, analysts suggest that the correction phase may be complete, and a new uptrend could be beginning.
Nonetheless, this is still based on chart hypotheses rather than confirmation. The main point of this setup is that Bitcoin has reached the same stage as the early correction end in the cycle. If the RSI continues to recover and the broader structure remains intact, traders may interpret this pattern as the beginning of the next bullish phase.