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Bitcoin Sets Up With Enormous Potential With A Major Bottom Likely In Place

Writer: T. Livingston
T. Livingston
Sep 19
2 min read

Bitcoin has sported impressive action over the last month, and it looks like it is headed for even higher prices. There are a few things that make me believe Bitcoin has bottomed. First, we saw capitulation volume come in on the first major low of 2026. That type of massive selling pressure usually comes in near a bottom as the final set of holders are forced to sell. Second, the lower low was made on lower volume and a RSI divergence. This divergence also happened in 2022 at the prior cycle low. Now, we have seen Bitcoin rally sharply. While it is still in Stage 1, a new Stage 2 uptrend could begin shortly espeically once Bitcoin clears resistance at around $85,000.


I believe Bitcoin offers enormous opporutnity from a long-term perspective. I currently own a full position and believe the current action is similiar to what we saw in early 2023. If Bitcoin follows that historical precedent I believe we will see an extremely sharp rally in the coming months.



Risk right. Sit tight.


Full disclosure: I currently own Bitcoin.


Disclaimer: This information is issued solely for informational and educational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. None of the information contained in this post constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. From time to time, the content creator or its affiliates may hold positions or other interests in securities mentioned in this blog or the associated Twitter and Instagram feeds. The stock or stocks presented are not to be considered a recommendation to buy any stock or stocks. This material does not take into account your particular investment objectives. Investors should consult their own financial or investment adviser before trading or acting upon any information provided. Past performance is not indicative of future results.

 
 
 

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