Contrarian Indicator Suggests Bitcoin Is Near A Bottom

CryptoProwl

Tue, June 23, 2026 astatine 11:41 AM CDT 1 min read

A historically close contrarian indicator suggests that Bitcoin (CRYPTO: $BTC) is adjacent a bottommost and that its terms is not apt to autumn overmuch further. 

The indicator is based connected Bitcoin's 50-week elemental moving mean (SMA) and its 100-week average. 

The 50-week mean is adjacent to dropping beneath the 100-week enactment and forming what analysts telephone a "bear cross." 

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The carnivore cross, which could signifier aboriginal this week, has marked a bottommost successful past selloffs of Bitcoin. 

There person been 3 erstwhile carnivore crosses successful Bitcoin's history, and each marked a bottommost for the largest cryptocurrency by marketplace capitalization. 

Some analysts accidental that an impending carnivore transverse indicates that a diminution successful Bitcoin that has been ongoing since past October has astir tally its people and a bottommost is near.

Several analysts and crypto bulls person said that BTC apt bottomed erstwhile its terms concisely dipped beneath $60,000 U.S. earlier successful June. 

Critics and skeptics reason that the 3 past instances of a carnivore transverse aren't capable to gully a definite conclusion. However, each erstwhile carnivore transverse led to a bottommost forming successful Bitcoin. 

BTC is presently trading astatine $62,280 U.S. Bitcoin has mostly been rangebound and trading betwixt $60,000 U.S. and $65,000 U.S. successful June of this year.