Bitcoin (CRYPTO: BTC) trades below $61,000 on Wednesday morning, with the final bottom expected to arrive sometime between July and October, according to a prominent analyst.

"BTC Roadmap Continues To Play Out Spot-On"

In a June 9 market update, crypto analyst Kevin pointed to several calls that he believes played out as expected:

• A January countertrend rally.
• A short opportunity near $97,000 after key moving averages were lost.
• A spring relief rally and the current phase of summer weakness.

“The Bitcoin roadmap continues to play out spot-on,” he said.

He believes the market is now entering the final stage of the cycle, where the true bear market low is expected to form.

BTC prices are struggling to hold the $61,000 mark as it declined around 9% over the past week.

Kevin identified the $44,000-$56,000 range as the most likely area for Bitcoin to establish its bottom.

He also highlighted the importance of the 0.5 Fibonacci retracement level and the so-called “golden pocket” zone.

Together, these indicators create what he described as a high-confluence support region.

“We’re getting close to the tail end of this thing,” he said.

Liquidity, Bear Flag Point To Lower Levels

Another factor supporting the bearish outlook is Bitcoin’s liquidity profile. Kevin pointed to a large concentration of liquidity between $62,000 and $44,000, arguing that market makers are likely to continue pushing price into that area.

He also noted that Bitcoin recently broke down from a bear flag pattern.

The measured move target from that breakdown points toward approximately $47,500, which falls directly within the broader support zone.

Adding further confluence, Bitcoin has historically spent significant time trading in the mid-$40,000 to mid-$50,000 range during previous market cycles.

Despite growing bearish sentiment, the analyst argued that several long-term indicators have not fully reset.

Monthly momentum indicators, money flow metrics and whale accumulation data continue to show signs of weakness rather than recovery. While institutional accumulation has not yet returned fully, RSI is in a phase historically associated with prolonged consolidation and weak price action.

Image: Shutterstock