Bitcoin (CRYPTO: BTC) may be entering the final stages of its bear market as higher-timeframe technical indicators increasingly point towards a long-term bottom.
Multiple Bullish Signals
In a "Kev Capital" podcast on July 13, crypto analyst Kevin said he is not attempting to pinpoint the exact bottom but instead is gradually building exposure based on improving technical conditions.
He added that BTC is now showing multiple bullish signals on higher timeframes, including the weekly and two-week charts, rather than just shorter-term indicators.
Among the signals he highlighted are technical bullish divergences and BTC trading near its 12-day 200 EMA and 200 SMA—areas that have historically coincided with major cycle lows.
