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Bitcoin At The Bottom? The 23-Month Cycle That Has Never Failed

NewsBTC|Scott Matherson|March 9, 2026 at 01:00 PM

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🤖AI Summary

Crypto analyst Coinvo suggests Bitcoin may be nearing a cycle bottom based on a 23-month pattern that has historically preceded rallies to new highs, with potential targets around $150,000. However, analyst Willy Woo warns of a potential bull trap and suggests Bitcoin remains in the middle of its bear market.

Key Takeaways

→Bitcoin has historically hit bear market bottoms exactly 23 months after all-time highs in every cycle, and is currently at that 23-month mark.
→Analyst Coinvo predicts Bitcoin could rally to $150,000 once it bottoms, surpassing its current ATH of $126,000.
→Rising oil prices due to U.S.-Iran tensions may actually be bullish for Bitcoin contrary to common belief, according to historical patterns.
→Willy Woo warns of a potential bull trap and believes Bitcoin could rally to test the $80,000-$85,000 range before continuing lower.
→Bitcoin is currently trading around $67,800 while facing downside pressure from geopolitical tensions and inflation concerns.

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$BTC$68,708▲+2.6%

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#bitcoin #btc #cycle-analysis #bear-market #bull-trap #price-prediction #technical-analysis #geopolitical #oil-prices #market-bottom

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