Derived from Bitcoinist, this report highlights recent analysis suggesting Bitcoin may remain in a bearish structure for the next 200–300 days. Market analyst Axel Adler Jr. noted a slowdown in BTC price momentum since March 2024, based on the monthly Relative Strength Index (RSI). Historical data from previous cycles indicates that a similar RSI decline took 200–300 days before a new bullish wave began, potentially delaying the next BTC bottom until June–October 2026. Additionally, Alphractal CEO Joao Wedson observed reduced conviction among Bitcoin whales, with some closing long positions or increasing shorts, which could lead to sideways price movement. As of the report, BTC traded at around $90,979 with no significant 24-hour change.
Bitcoin's Next Bullish Wave May Take 200–300 Days to Begin, Analysts Say
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