[Analyst: There Are 'Obvious Flaws' in Judging Bitcoin's Mid-Bear Market, $60,000 May Have Been the Bottom for This Cycle] According to Cointelegraph, cryptocurrency analyst Matthew Hyland stated that Bitcoin may have bottomed out at around $60,000 in early February, and it is unlikely to see lower prices later this year. He pointed out that dozens of bottom signals appeared simultaneously when Bitcoin hit $60,000 in Q1 2026, which would not occur during the mid-point of a bull market. Hyland believes the current market is not in the mid-bear phase, and such a judgment has obvious flaws, as bottom signals only flash at a true bottom. Previously, veteran trader Peter Brandt suggested that $60,000 might not be the lowest point for 2026, while Willy Woo claimed that Bitcoin has only completed about one-third of its bear market journey.