Crypto analyst Kev Capital believes Bitcoin may not reach its "true bottom" until sometime between July and October, with a high-confluence support zone between $44,000 and $56,000. Despite maintaining a bearish near-term outlook, he has started accumulating BTC gradually.

Bitcoin holding $63,000 as futures and spot ETF positioning decline may be a sign that the market bottom is in.

With bitcoin testing its 200 week moving average, on-chain data suggests the $50,000 to $54,000 range could become the next key battleground.