Bitcoin (CRYPTO: BTC) remains pinned near $63,000 even as U.S. stocks push to record highs, fueling the debate about whether crypto has already bottomed.
BTC Trapped, Bottom In Q4?
In a podcast on Aug. 13, Crypto trader Trader Mayne highlighted Bitcoin has essentially been trapped in the same range since June and argued investors haven’t missed much even if the cycle bottom is already in.
“The bottom is a process,” Mayne said, pointing to previous cycles in which Bitcoin spent months establishing a base before eventually breaking higher.
He currently leans toward Bitcoin’s ultimate low not being in yet. Mayne noted that following the traditional four-year cycle would put a potential bottom around late Q4 or early 2027.
Rather than trying to perfectly time the low, Mayne favors gradually building exposure while keeping dry powder available for another decline.
The weakness is particularly notable because Bitcoin has failed to follow equities higher. Mayne warned that if stocks eventually correct, Bitcoin could face additional pressure despite barely participating in their rally.
