Crypto analyst Matthew Hyland is pointing to signs that Bitcoin's prolonged bear market may be reaching its final phase. Hyland suggests that current market signals indicate a potential bottom near $60,000 — a level that, if it holds, could mark the end of the downturn. The call comes as traders look for any indication of a floor after months of price pressure.
What Hyland sees in the charts
Hyland, a well-known technical analyst in the crypto space, has been tracking Bitcoin's price action closely. According to his analysis, several indicators are aligning in a way that historically precedes a market bottom. He points specifically to $60,000 as a key support zone where buying interest could emerge strong enough to reverse the trend. The analyst didn't provide a timeline, but the suggestion is that the bottom could be near.
Bear market signals
The broader crypto market has been in a bear phase for much of 2025 and into 2026, with Bitcoin losing significant value from its all-time highs. Capitulation events, declining volatility, and reduced retail interest are often cited as signs of a market bottom. Hyland's observation adds to a growing chorus of traders watching for a turning point, though no single indicator guarantees a reversal.
What a $60,000 bottom means
If Bitcoin does bottom around $60,000, it would imply that the correction stopped well above previous cycle lows. That could suggest a structural shift in the market's valuation floor — but it's still just a prediction. The $60,000 level has acted as both support and resistance in recent months, making it a critical price point to watch. A break below could extend the bear market, while a bounce might confirm Hyland's view.
Next moves
For now, the market waits. Hyland's analysis is one piece of the puzzle, and traders will be watching Bitcoin's reaction around $60,000 in the days ahead. Whether that level holds or breaks will likely determine the near-term direction. No official confirmation from the analyst on when he expects the bottom to form — just the signals he says are there.
