When will BTC price bottom out? Learn about signals from pinbar candles

Currently, BTC is at $70.49K (updated at 02:20:44 on 09/02/2026), indicating that the downtrend is still ongoing from the peak. To determine when the market will stop, you need to understand the signals sent by pin bar candles and other technical indicators. This is a detailed analysis of price structure, key indicators, and what you should monitor to catch recovery opportunities.

Technical Analysis: RSI, MACD Indicators, and Candle Structure

BTC recently experienced a strong correction after reaching a peak. The current weekly candle shows a long red body, symbolizing that selling pressure still dominates the market. However, the crucial area is $73,000 - $75,000 — this is the old high according to history (previous ATH). According to basic technical principles, old resistance will become new support. If this critical zone is broken, market sentiment will shift into real panic.

The RSI indicator is currently trending downward at around 33, not yet entering the oversold zone (below 30) on the weekly timeframe. This explains why you haven’t seen clear bottom signals — typically, a strong shakeout will push RSI deeper or create a positive divergence before reversing. However, on the daily chart, BTC has hit oversold levels on RSI, contrasting with the weekly candle, creating potential for rebounds within the 70~75K range, which could trigger panic.

The MACD is currently signaling a decline. The red histogram bars are lengthening, and the signal line is crossing downward strongly. The bearish momentum is still increasing without signs of weakening or rounding.

Confirmation Signals for End of Decline: From Pin Bar to Indicator Divergence

To confirm that the downtrend has ended, the market needs to send one of the following signals (currently, these signals have not appeared):

Pin Bar Candle is one of the strongest signals. It will be a candle with a very long lower wick touching the support zone at $73K, accompanied by a spike in trading volume. A pin bar indicates strong buying intervention at low levels, creating a potential reversal psychology. When you see a pin bar at a key support zone, it’s a very reliable sign.

Additionally, accumulation is also an important indicator. If the price moves sideways within a narrow range at the support zone for several weeks, it means market makers are absorbing supply gradually. Or, RSI indicator divergence may occur — when the price makes a lower low but RSI makes a higher low. All these signals indicate weakening selling pressure.

Trading Strategy: Wait or Act Immediately?

Safe Option: Wait & See

This is the most cautious strategy. Wait for the price to react at the $73,325 zone without rushing to “catch falling knives” before the weekly candle closes. Patience is key.

Trade with the current trend

The short-term trend is still downward, so rebounds to the $80K - $82K zone (if any) could be opportunities to rebalance your portfolio rather than chasing the price.

Long-term buy zone for confident investors

If you believe in a larger cycle, the $70K - $73K zone is where you can start dollar-cost averaging (DCA) into smaller portions instead of putting all your capital into one order (All-in).

Optimistic Scenario: Pin Bar Signal Appears

Price hits the $73K zone, with strong buying pressure forming a pin bar or reversal candles like Bullish Engulfing. RSI may show positive divergence (lower price lows but higher RSI lows). This is an ideal entry point for a strong rebound.

Pessimistic Scenario: Support Zone Breaks

If the $73K zone is broken with high trading volume, the price may seek support at lower levels such as $68K. At this point, you need to be quick in switching between LONG/SHORT positions and avoid hesitation.

Conclusion: BTC is still in the process of “testing the bottom” technically. The downtrend will truly end when buyers successfully defend the support zone around $73K with a pin bar or other reliable reversal signals.

Note: This is a technical analysis perspective, not financial investment advice.