Here’s when Bitcoin will hit ‘next major low’ before buy opportunity emerges

The market’s anticipation of a possible Bitcoin (BTC) rebound seems to have been dampened, considering that indicators suggest further downside in the coming days.

In line with this, trading expert Alan Santana projected in a TradingView post on June 23 that investors should expect a ‘major low’ for Bitcoin before experiencing any rebound.

Turning to the timing of the next major low, Santana based his speculation on historical patterns. The analyst observed that it took exactly 48 days for Bitcoin to establish a major low after the all-time high. Using this pattern, he predicted two potential dates for the next low: July 8, 2024, and July 25, 2024.