Prominent Market Analyst Sam Price Dismisses Bitcoin (BTC) Peak Claims, Citing Strong Macro Indicators

Bitcoin's RSI, Fear & Greed Index, and Fibonacci levels suggest the market is near a bottom, not a top.

Prominent market analyst Sam Price has shot down claims that Bitcoin’s bull cycle has come to an end, highlighting several macro indicators which he says suggest the market is far from its peak.

In a recent thread, Price argued that Bitcoin is currently closer to the price bottom than the top, advising investors to capitalize on the recent dip.

This view contrasts with the growing belief that the 2024/2025 bull run peaked at $109,000—a notion reinforced by CryptoQuant CEO Ki Young Ju, who recently declared the bull market over.

However, Price asserted that the Pi Cycle Indicator, developed by Phillip Swift, is one of the strongest signals for determining market cycles. This tool has historically predicted Bitcoin’s tops with great accuracy. A top is typically confirmed when the 111-day moving average crosses the 350-day moving average x2 (350DMA x2).

Currently, these moving averages remain relatively far apart, signaling that Bitcoin is still in an uptrend and closer to a bottom than a peak. Additionally, recent price action aligns with a macro higher-low structure, which usually precedes higher highs. Nevertheless, Price noted that a weekly close between $58,000 and $56,000 would invalidate this bullish outlook.

Another critical metric identified by Price is a hidden bullish divergence on Bitcoin’s weekly timeframe. This occurs when price forms a higher low, while an oscillator—such as Relative Strength Index (RSI)—forms a lower low, suggesting a continuation of the uptrend.

After hitting January 20 highs, BTC recently experienced a 23% correction, but the RSI formed a lower low at the same time. Throughout history, this pattern has tended to precede strong rebounds.

Moreover, Bitcoin is now approaching the 1.618 Fibonacci level (Golden Pocket), a key retracement zone where price reversals often take place.

Price also noted that Bitcoin’s daily RSI dropped to 23 on March 11—a level seen only twice in recent times. Both previous instances marked significant macro bottoms:

November 10, 2022 – RSI hit 23 as Bitcoin fell to $15,854 before a major rally.

September 7, 2023 – RSI reached 23 at $25,639, marking another price low before a surge.

Similarly, Bitcoin’s Fear and Greed Index (FGI) plunged to 10 on February 27, which historically aligns with major buying opportunities.

This, combined with other indicators, suggests that investors should be considering dollar-cost averaging (DCA) their Bitcoin positions ahead of the next rally.