Bitcoin’s recent break above $70,000 leads to questions is this the start of a new impulsive leg higher or another stop in a long downstream process.
CrypFlow Crypto Analyzer, Posted in X, put a a technical argument as to why Bitcoin may be in the early stages of forming a major cycle bottom and why October 2026 may mark the beginning of the next bull run. The analysis is based on multi-year trends, cycle behavior and the Stochastic RSI indicator.
Bitcoin respects the trend that has been held since 2018
A technical analysis of Bitcoin price action on a monthly chart shows that the leading cryptocurrency action is still honoring a multi-year trend that has quietly shaped Bitcoin’s lowest periods. This uptrend line connects the 2018 low with the 2022 low and now looks set to act as support again in 2026. Bitcoin’s current position is now sitting right on top of this structure.
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CrypFlow also pointed to a large horizontal zone that previously acted as resistance around the 2021 cycle. That old ceiling of around $69,000 is now being tested as support in current price action. This kind of role reversal is very important for Bitcoin’s price action, as it indicates that the cryptocurrency can establish a base at the intersection of that old resistance band and the rising line.
If Bitcoin is managed stay above the current zone close to $69,000 without falling into the $50,000 zone, it reflects the structure seen at the end of 2022. This low was formed in a similar neighborhood where the uptrend line met the resistance of the previous period from the 2017 peak.
Timing for the new bull run
Price the levels will attract everyone’s attention. Time takes almost nothing, and according to CrypFlow, that’s where most people get the cycle wrong. The analyst points to the Stochastic RSI to track how long the indicator has spent below the zero line during each major bear market period, and the historical pattern is interesting in its consistency.
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During 2018/2019, the Stochastic RSI spent almost 365 days below zero before Bitcoin recovered its true inverse and the next bull market began. The same was true during the bear market period of 2022/2023, where Bitcoin spent almost a full year below zero before starting a steady recovery. But this cycle was Bitcoin’s Stochastic RSI. was just below zero for about 120 days.
Putting everything together, this opens up a scenario where Bitcoin is formed double bottom later this year, probably around October 2026, before the main bull run begins. It doesn’t necessarily mean that Bitcoin is about to crash further. According to CrypFlow, what it suggests is that price action hasn’t done the slow, grinding work that a true cycle bottom is built on.
Featured image from Pngtree, chart from Tradingview.com
