Bitcoin Momentum Indicator Hits -30, Suggesting a Deep Cyclical Bottom Zone

Chainthink

Release Time: 06/22/2026 08:05:19

BTC

$61,673.00-1.91%

Summary

Bitcoin analysis from June 22 shows the cyclical momentum indicator at -30, according to CryptoQuant data cited by Gaah. Historically, this level has signaled a deep cyclical bottom for Bitcoin. The indicator remains below the neutral 0 level, indicating that the bear market is still in progress. A reversal would require a bullish pattern and a move above zero. Bitcoin news highlights this level as a key support area.

ChainThink reports that on June 22, analyst Gaah, citing data from CryptoQuant, stated that the Bitcoin cycle momentum indicator has not yet risen above the neutral zone at 0, indicating that the current bear market has not ended.

This indicator has reached the -30 level, a historical zone typically associated with deep cyclical bottoms for Bitcoin and serving as a key support level for BTC.

Gaah stated that to confirm a trend reversal, Bitcoin's price still needs to form a bullish pattern while the indicator breaks above the neutral zone.

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