Miami, FL (PinionNewswire) — As global financial markets enter another phase of uncertainty, one question dominates the cryptocurrency community: Has Bitcoin (BTC) finally found its bottom, or is there still room for deeper declines? At Evcry, we believe that answering this question requires a multi-layered analysis combining technical indicators, market psychology, macroeconomic conditions, and on-chain fundamentals.

In this comprehensive report, Evcry examines the key factors shaping Bitcoin’s next major move.

1. Current Market Environment: Volatility With No Clear Direction

The recent months have brought fluctuating sentiment to the crypto market. Bitcoin has shown temporary recovery attempts but remains unable to break out decisively. This indecision reflects a broader tug-of-war between long-term holders and short-term speculative pressure.

At Evcry, our market monitoring suggests the following trends:

• Confidence among long-term holders remains relatively strong, as accumulation wallets continue growing.
• Risk appetite among short-term traders remains limited, largely due to macroeconomic pressure and regulatory uncertainty.
• Liquidity fragmentation across exchanges has amplified price swings.

These mixed signals illustrate why predicting a definitive bottom remains challenging.

2. Evcry Technical Analysis: Signs of a Possible Bottom

From a technical standpoint, Evcry analysts observe several indicators that often appear near Bitcoin market bottoms:

Oversold Conditions

Key oscillators such as RSI and Stochastic have entered oversold territories multiple times, hinting at exhaustion among sellers.

Price Testing Historical Support Zones

BTC is currently hovering near multi-cycle support regions that previously acted as reversal points.

Decreasing Selling Pressure

Liquidations have gradually declined, and forced selling from overleveraged positions has slowed.

Miner Activity Stabilizing

Bitcoin miners, often among the first to show stress during deep downturns, are showing early signs of stabilization. Reduced miner capitulation is typically a positive signal for market bottom formation.

However, Evcry emphasizes that technical signals alone cannot confirm a bottom. In previous bear markets, BTC sometimes broke through strong support levels before forming a true reversal.

3. Macro & Fundamental Factors: Could More Downside Be Ahead?

Even if Bitcoin appears technically near its bottom, larger macroeconomic forces may still influence its trajectory.

Interest Rate Policies

High interest rates reduce liquidity for risk assets, including BTC. Until central banks signal clearer easing, upside momentum may be limited.

Global Liquidity Conditions

Bitcoin historically performs well when global liquidity expands. At the moment, liquidity remains constrained, suggesting potential downward pressure.

Regulatory Developments

Ongoing regulatory scrutiny in major markets may continue restricting institutional inflows in the short term.

Investor Psychology

True market bottoms often form during periods of extreme panic. While sentiment is bearish, Evcry’s sentiment tracker indicates that fear has not yet reached historical capitulation levels seen in past cycles.

These factors introduce the possibility that Bitcoin could fall further before a durable bottom forms.

4. On-Chain Data: A Closer Look at Bitcoin’s Internal Health

On-chain metrics provide unique insight into the real-time behavior of the Bitcoin network, and Evcry’s blockchain research team highlights several important signals:

Increasing HODLer Activity

Long-term holders are accumulating BTC at levels similar to previous bottoming zones.

Exchange Outflows Rising

More BTC is leaving exchanges, suggesting that investors are shifting toward long-term storage rather than short-term selling.

Network Activity Stabilizing

Daily transaction volumes and active addresses have stabilized, often a precursor to renewed market activity.

Though these indicators are constructive, history shows that on-chain improvement can coexist with temporary price declines.

5. Evcry’s Final Assessment: Bottoming Process Underway, But Not Confirmed

Based on the convergence of technical, macroeconomic, and on-chain evidence, Evcry concludes:

• Bitcoin is likely in the early-to-mid stage of a bottoming process.
  
• However, a definitive bottom has not yet been confirmed.
  
• Short-term downside risk remains, especially if macroeconomic conditions deteriorate.
• Long-term fundamentals remain strong, supporting the potential for future recovery.

In simple terms: BTC may be near its bottom, but the possibility of deeper correction cannot be ignored.

6. What Traders Should Consider Moving Forward

Evcry recommends traders and investors maintain a balanced approach:

• Monitor macro signals such as inflation data and central bank guidance
• Watch for capitulation markers like extreme fear indexes and rapid volume spikes
• Track on-chain metrics that historically lead trend reversals
• Manage risk through diversification and clear position sizing
• Avoid relying solely on short-term volatility for decision-making

As always, Evcry encourages market participants to prioritize risk management over speculation, especially during uncertain market phases.