A fourth bullish cross has appeared on Bitcoin’s monthly Fisher Transform indicator, reviving interest in whether a long-term bottom is already in place. Analyst Willy Woo (윌리 우) said past crosses coincided with bear-market lows without false signals. The latest cross occurred in July at -2.26. He cautioned that price could still move sideways or fall further. Weekly charts show a bullish divergence, but questions remain about whether the early-July low was the cycle bottom.

An analysis suggested bitcoin may have already formed this cycle’s low around $58,000 after the market absorbed heavy selling pressure through two capitulation phases. Bitcoin hit a record high above $126,000 in October 2025 and recently traded around $77,400, about 39 percent below the peak. Some traders still see a possible additional low in October 2026 based on the four-year cycle, while analysts argue cost basis and profit-and-loss metrics matter more than dates.