Bitcoin is once again testing a level that has acted as a key turning point throughout every major market cycle since 2014.

The monthly chart shows BTC revisiting the lower boundary of its long-term ascending channel, while the 14-month RSI is hovering around 44—a level that coincided with significant cycle lows in 2015, 2018, 2020 and 2022.

If history offers any clues:

• Price is holding a major multi-cycle support level.

• The monthly RSI is nearing levels that have historically signalled market bottoms.

• Long-term holders continue to accumulate, while Bitcoin held on exchanges remains close to multi-year lows.

• Spot Bitcoin ETFs have introduced sustained institutional demand, reshaping the supply dynamics of this cycle.

Of course, none of this confirms that a reversal is imminent.

However, when long-term technical support, historical momentum signals and favourable supply fundamentals align, it's often a reason to stay alert rather than give in to fear.

Some of the best opportunities tend to emerge when market sentiment is at its lowest.#SummerCreationCamp