[Analyst: Bitcoin is Forming a Bottom, Currently a Potentially Good Entry Opportunity] BlockBeats News, June 27, crypto analyst Ali Charts posted that Bitcoin chart signals indicate a market bottom is forming, and the current period might be one of the better long-term entry windows in the past decade. Over the last ten years, the 200-week Simple Moving Average (SMA) has been a critical benchmark for identifying Bitcoin cycle bottoms. Historically, whenever Bitcoin touched or fell below this moving average, it typically opened a macro accumulation window. For example, in August 2015, Bitcoin touched the 200-week SMA and then entered a bull market, subsequently rising over 8,500%; in December 2018, after testing this moving average, it rebounded by 267%; during the liquidity shock in March 2020, Bitcoin validated the 200-week SMA support and then surged by 1,125%; in June 2022, Bitcoin fell below this moving average for the first time and consolidated below it until December 2022, after which it reclaimed the level and began a 680% rally. Currently, Bitcoin's 200-week SMA is at $63,500, while Bitcoin's trading price is approximately $60,000, slightly below this level. Based on the market history of the past decade, the analyst believes this represents a primary accumulation zone for long-term investors. The analyst also noted that Bitcoin could further dip to $54,000 or even $40,000. Therefore, they suggest gradually building positions within the $58,000 to $40,000 range to establish holdings in a technically undervalued area. Close attention should be paid to the $63,500 level; once Bitcoin reclaims the 200-week SMA on higher timeframes and confirms it as macro support, it has historically signaled the early stages of a new bull market. [Original Link]