Bitcoin’s showing early signs of a potential bottom, with eight out of twelve capitulation signals flashing—indicating panic selling may be winding down. But don’t expect fireworks: historical data shows modest gains in the next six months, with real upside only emerging over a full year. Miners are under pressure, earnings down, and mining difficulty dropping as machines shut off—classic bear market indicators. Spot ETF inflows are returning, adding to the cautious optimism. With Bitcoin in a 10-month decline and past cycles averaging 12-13 months, an accumulation phase could kick in between September and November. This isn’t a quick-play setup—it’s a long-term signal for patient investors.
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