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Bitcoin: Using On-Chain Metrics To Identify Market Cycle Bottoms

Benjamin Cowen · · Watch on YouTube

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BTC near publication: $63,6264-hour candle close · 12 Jun 2026, 00:00 UTC · BTC/USDT

On Bitcoin

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  • Next months (next 2–6 months): Leans down: we are likely in the third and final stage of the bare market and that we should expect Bitcoin probably to bottom out uh this year. ▶ 09:01 Said again while their call of 18 Mar 2026 was open, so it counts once; that call was right: 73.9k when said, 64.8k on 16 Jul 2026 (−12.4%).
  • This cycle (next 6–18 months): Leans up (timeframe is our reading): Look for it to carve out a low before the end of the year and then ideally that then sets us up for the next bull market. ▶ 07:54 Said again while their call of 1 Feb 2026 was open, so it counts once; that call was open until 1 Feb 2027, against 78.9k when said.

Their own position: Not said.