NewsBTC •
March 9, 2026 at 13:20 •
Analysis
Crypto analyst Coinvo has explained why Bitcoin may be close to a bottom, which could spark a rally to new highs. This comes as BTC continues to face downside pressure due to the rising tensions between the U.S. and Iran. Why Bitcoin May Soon Reach A Bear Market Bottom In an X post, Coinvo alluded to the Bitcoin monthly chart, noting that the leading crypto has hit its bear market at exactly 23 months after the all-time high (ATH) in every single cycle. BTC is currently sitting at 23 months right now, which the analyst noted is a sign to buy more Bitcoin, as this pattern has “never failed.” Related Reading: Analyst Says Bitcoin $200,000 Target Remains Open, But There’s A More Realistic Target The analyst also predicted that Bitcoin could see a massive expansion once...
