Bitcoin Bottomed At $98,000, Analyst Says: Time For The Final ‘Giga Blowoff Rally’

Bitcoin (CRYPTO: BTC) has likely established its bottom at $98,000, marking a key low reinforced by multiple technical indicators, according to a prominent market analyst.

What Happened: In his latest podcast, trader Mayne said Bitcoin’s recent bottom aligns with its 50-week simple moving average, the same level that previously defined major cycle lows at $25,000, $50,000, and $75,000.

The rebound to $106,000 suggests bullish momentum is building again.

He added that reclaiming the monthly open near $110,000 would significantly boost the odds of …

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