Samson Mow Says Bitcoin Bottom Is In as $58K Buy Wall Ends Bearish Trend

• Samson Mow says Bitcoin’s $58,000 support confirmed the local market bottom.
• Mow rejected traditional cycle models and questioned reliance on technical analysis completely.
• Tether’s strong financial results strengthened Mow’s confidence in institutional Bitcoin resilience.

Jan3 CEO Samson Mow says Bitcoin has already formed its local bottom and ended its recent bearish trend. According to Mow, strong buying demand around the $58,000 level absorbed heavy selling pressure and prevented a deeper market decline. Mow shared the outlook while discussing Bitcoin’s current market structure. He argued that investors expecting another prolonged correction are relying on outdated cycle models. Moreover, he said Bitcoin’s behavior has changed significantly during the current cycle.

According to Mow, Bitcoin reached a new all-time high 37 days before the latest halving. He believes that the milestone disrupted historical market patterns. Consequently, he argued that predictions calling for several more months of capitulation no longer fit current conditions. Additionally, Mow said traders waiting for substantially lower prices may have already missed their opportunity. He maintained that the successful defense of the $58,000 support level confirmed the end of the recent bearish phase.

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Mow Says Buy Orders Outweighed Technical Signals

Mow also questioned the growing reliance on traditional technical analysis. According to him, chart patterns alone cannot explain Bitcoin’s latest price action. He argued that market participants place too much confidence in indicators that often fail during changing market conditions.

Instead, Mow credited liquidity for Bitcoin’s recovery. He said a dense concentration of limit buy orders near $58,000 absorbed selling pressure before prices moved lower. As a result, buyers successfully defended a level that many traders considered critical.

Furthermore, Mow argued that strong buying activity provided stronger evidence than chart formations. He believes market liquidity now offers a clearer picture of investor conviction than conventional technical models.

Tether Results Support Confidence in Major Bitcoin Firms

Besides discussing Bitcoin’s price outlook, Mow commented on criticism targeting major institutional Bitcoin companies. According to him, recent attacks against Strategy resemble previous campaigns directed at Tether.

He pointed to Tether’s first-quarter 2026 financial report to support his argument. The stablecoin issuer reported net profit of $1.04 billion alongside total assets of $191.77 billion. Moreover, Mow said those figures weaken claims that coordinated fear campaigns can destabilize major cryptocurrency businesses.

He added that strong financial performance across leading firms reflects continued confidence within the digital asset industry. Mow believes those developments strengthen Bitcoin’s long-term outlook despite continued market criticism.

Mow maintains that Bitcoin has already established its local bottom through sustained buying demand around $58,000. He expects changing market dynamics, stronger liquidity, and institutional resilience to play a greater role than older cycle theories as the market continues to develop.

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