Bitcoin may be carving out a long-term bottom like it did in 2022, which would be good news for patient buyers — but the trend hasn't turned up yet.

• The current price action looks like the 2022 bottom, when Bitcoin bounced after building up buying pressure.
• Holding above $65,000 would make the setup look solid.
• Even in 2022, Bitcoin lingered near the lows for a couple more months before recovering.
• The bigger weekly trend is still down and far from flipping bullish.

Outlook: A macro low may be forming, but confirming an uptrend likely takes another one to two months.

## Bitcoin Levels

• **Bias:** Cautiously bullish long-term, but weekly trend still bearish for now
• **Buy / accumulate:** Current levels seen as good long-term value/buying opportunity
• **Support:** $65,000 (holding above this looks solid/bullish)
• **Invalidation:** A break/failure below the recent lows would invalidate the bottoming setup