Bitcoin is exhibiting a rare trio of monthly chart signals—a falling Relative Strength Index near 43.65, a Chande Momentum Oscillator dropping to roughly -71, and a test of the 50-month moving average—that have previously coincided with major market bottoms in 2015, 2019, and 2022. Analyst Ali Martinez notes that this technical alignment has historically preceded massive rallies, including an 8,300% expansion from March 2015. However, on-chain metrics like MVRV and Cumulative Value-Days Destroyed still suggest a possible downside to the $40,000–$50,000 range. Martinez and another analyst, Doctor Profit, both describe current levels as a favorable accumulation zone, though Doctor Profit warns of a potential 15% decline toward $54,000 before a sustained rally begins.
Bitcoin is displaying the same monthly chart signals that preceded market bottoms in 2015, 2019, and 2022, according to crypto analyst Ali Martinez. The pattern includes the monthly Relative Strength Index falling to around 43.65, the Chande Momentum Oscillator dropping to roughly -71, and Bitcoin testing its 50-month moving average.
Martinez stated that this combination appeared in March 2015 when BTC traded at $235, leading to an 8,300% rally. A similar setup in January 2019 near $3,333 preceded a 1,911% gain, and the December 2022 reading at $16,270 was followed by a 675% increase.
Bitcoin’s correction to $58,000 last month triggered the same historical setup. The analyst acknowledged that on-chain indicators still leave room for a revisit of the $40,000 to $50,000 range, but called the current technical alignment a dominant accumulation zone. Martinez added: “Shifting focus away from short positions and toward spot BTC accumulation offers a highly favorable risk-to-reward ratio at these levels.”
Analyst Doctor Profit also sees the market as a buying opportunity, though he cautioned that a large liquidity zone remains around $54,000. He does not expect Bitcoin to fall below $50,000 and suggested accumulating gradually rather than investing all at once. Doctor Profit noted that upcoming events—such as the rollout of tokenized stocks involving BlackRock, the New York Stock Exchange, the S&P, Nasdaq, and the DTCC, along with speculation around the CLARITY Act—could strengthen sentiment before the cycle low is reached.
