'The Bottom Is In': $1 Million Bitcoin Advocate Samson Mow Signals End of BTC Drop

Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Bitcoin maximalist and Jan3 CEO Samson Mow stated that the local bearish trend has ended and that the current cycle has reached its bottom. In his view, the main protective barrier for the market now is a dense wall of limit orders at the $58,000 level. Advertisement The reason for Mow's optimism was the fact that, in the current cycle, Bitcoin updated its all-time high (ATH) 37 days before the halving, and the entrepreneur is convinced that this precedent completely breaks old market models. He emphasized that Bitcoin cycles have irreversibly accelerated, which means that calculations by analysts expecting market capitulation over the next four months are no longer relevant. I find it incredibly interesting how some people are so certain that the bottom is coming in 4 months because "cycles." But we had an ATH 37 days before the halving, so it would seem even if you believe in cycles you should reason out the cycles accelerated. The bottom is in. HOT Stories Novogratz Names Key Reason Behind Bitcoin (BTC) Price Crash Will Bitcoin (BTC) Return to $60,000? XRP's Risks of Losing $1, Shiba Inu's (SHIB) Bearish Pressure Is Weakening: Crypto Market Review — Samson Mow (@Excellion) June 28, 2026 Against this backdrop, the Jan3 CEO harshly criticized supporters of classical technical analysis, pointing to a logical contradiction in traders' behavior, saying that if charts really predicted the future perfectly, analysts should simply sell at the tops and passively wait for the bottom instead of drawing "endless lines." Advertisement In his opinion, traditional chart analysis is now completely detached from reality. How the $58,000 buy wall closed the window for Bitcoin bears Instead of patterns, Mow named a massive block of buy-side liquidity as the real reason for the Bitcoin market's stabilization . According to him, it was the dense wall of limit orders at the $58,000 level that fully absorbed selling pressure and protected the market from a further collapse. Bitcoin price action in 2026, Source: TradingView Mow concluded that the successful buyback of this zone definitively formed a local bottom and closed the window of opportunity for investors who had been hoping to enter the asset at lower prices. Advertisement You Might Also Like Sun, 06/28/2026 - 06:46 Novogratz Names Key Reason Behind Bitcoin (BTC) Price Crash By Alex Dovbnya At the same time, Mow also commented on the current information attacks against major institutional players, agreeing with the view that criticism of Strategy is turning into a new version of "Tether FUD." As an argument, he referred to the latest financial results of USDT issuer Tether for the first quarter of 2026, where, according to the report, Tether's net profit reached $1.04 billion with total assets of $191.77 billion. In Mow's view, this proves the complete failure of attempts to destabilize the market through coordinated FUD. #Bitcoin #Samson Mow #Bitcoin News