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Contrarian Indicator Suggests Bitcoin Is Near A Bottom
Key takeaways
- The indicator is based on Bitcoin’s 50-week simple moving average (SMA) and its 100-week average.
- The 50-week average is close to dropping below the 100-week line and forming what analysts call a “bear cross.”
- Ripple, The Company Behind XRP, Is Valued At $50 Billion
Contrarian Indicator Suggests Bitcoin Is Near A Bottom Contrarian Indicator Suggests Bitcoin Is Near A Bottom Crypto Prowl Tue, June 23, 2026 at 11:41 PM GMT+7 1 min read BTC-USD BTC A historically accurate contrarian indicator suggests that Bitcoin (CRYPTO: $BTC) is near a bottom and that its price is not likely to fall much further.
The indicator is based on Bitcoin’s 50-week simple moving average (SMA) and its 100-week average.
The 50-week average is close to dropping below the 100-week line and forming what analysts call a “bear cross.”
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