A higher low occurs in a down-trending market when the latest dip is not as deep as the previous one, potentially indicating a trend reversal as selling pressure decreases. The most recent dip saw BTC prices drop to $53,300, which wasn’t as severe as the August 5 crash just below $50,000. The prior low was a plunge to $54,200 on July 5, suggesting the asset has found solid support. Analyst ‘Mando’ noted this in a post on X on September 10, though others believe further lower lows are still possible.

Investor and analyst ‘Kaleo’ remains bullish, stating that “Bitcoin is in a healthier place now than when it was at the same point post-halving last cycle.” He added that 141 days after the halving, BTC was down only 19% from the last cycle top, whereas in 2020, it dipped around 46% from the 2017 top 141 days after the halving.

“When we rip out of the range into new ATHs this time around, institutional money can funnel in easier with spot ETFs, we have more regulatory clarity, and we might finally have a president that’s pro-crypto as one of his key running points.”

Analyst ‘Rekt Capital’ also examined previous halving cycles, noting that if history repeats, the next bull market peak will occur 518-546 days after the event:

“That would mean Bitcoin could peak in this cycle in mid-September or mid-October 2025.”

Meanwhile, full-time crypto trader ‘Sykodelic’ said, “I am 95% confident we have bottomed here at $52.5k.” They added that they were 95% sure that “we will not see anywhere near $44k whatsoever.” This conclusion was drawn from analyzing the USDT (Tether) dominance chart, which is at bear market levels and diverges from BTC prices.

“Investing is a game of probabilities, and based on the evidence of the entire market situation we are in, the probability is greatly weighted to the upside from where I look.”

Analyst James Check attributed poor sentiment to weakened purchasing power due to high inflation over the past three years, which has decreased the dollar’s value.

“Could be due to the fact that in 2020 purchasing power, the price is -40% below the 2021 ATH…rather than -25% from the spot ATH.”

Actual inflation is often higher than what CPI reports indicate, and this seems to be affecting investors in this cycle. BTC was trading up 3.3% on the day at $56,648 at the time of writing.

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