Analyst Chain Mind: Bitcoin may not find a bottom before touching the EMA300

Crypto analyst Chain Mind said Bitcoin may not have set its cycle bottom yet and argued the market has historically not bottomed without first reaching the EMA300. He pointed to 2020 and 2022, when BTC tagged the weekly EMA300 near the cycle low, and suggested a similar setup could imply downside toward the $58,000 area. Bitcoin was quoted around $75,400 at the time of writing, down over 2% in the past 24 hours.