Bitcoin analysts signal a potential bullish turn as key indicators suggest a bottom is forming.

ChainCatcher report: Cryptocurrency analyst Ai posted on X that multiple technical indicators on Bitcoin’s monthly chart are sending bullish signals, suggesting the market may have already formed a macro bottom. Data shows that the TD Sequential indicator triggered a buy signal on Bitcoin’s monthly chart last month—a pattern that previously accurately identified the 2022 bear market low and is now reappearing. Additionally, Bitcoin’s current price is near the 50-month simple moving average (SMA). Historical data since 2014 indicates that this long-term moving average has repeatedly served as a key support level, coinciding with multiple market bottoms. Meanwhile, the Chande Momentum Oscillator (CMO) has declined to around -71. The last time the CMO reached a similar level was in June this year, when Bitcoin’s price briefly dipped toward $57,000. Historically, extreme lows in the CMO often align with market bottoms. Analysts believe Bitcoin may continue trading in a range of $60,000 to $67,000 in the short term; however, the combination of the TD Sequential buy signal, support from the 50-month SMA, and the CMO’s oversold condition strongly suggests that a long-term cycle bottom may have been established. The market will now watch for a breakout above this range to confirm the start of a new upward trend.