BTC/USDT Daily: Major Bottom Formation at Key SupportBitcoin / TetherUSBINANCE:BTCUSDTrakeshmalviya5995Description: Looking at the daily chart for BTCUSDT_2026-06-28_07-21-53_b426e.png, Bitcoin is currently testing a crucial horizontal level that has the potential to act as a significant macro bottom for this cycle. Why this could be the BTC Bottom: Major Structural Support: Price is currently trading at $60,255, sitting right on top of a vital support level marked at $58,574. In historical context, this level mirrors how the $16,300 level acted as the definitive accumulation bottom in the previous cycle. Strong Demand Zone: This $58.5k–$60k area represents a major psychological and technical floor where buyers are highly likely to step in heavily, establishing a strong base for the next upward leg. RSI Nearing Capitulation: The daily RSI is deeply oversold at 33.01. Historically, when the daily RSI drops this low into the oversold zone precisely while testing major multi-month structural support, it indicates that the selling momentum is exhausted. This exhaustion is a classic sign of a market bottom. Conclusion: If Bitcoin manages to hold above this $58,574 support line on the daily close, the bottom thesis will be strongly confirmed, opening the doors for a powerful bullish reversal. However, a clean daily close below this line would invalidate the immediate bottom setup. What do you think? Is the bottom finally in, or will we see lower numbers? Let me know your thoughts in the comments! Disclaimer: For educational purposes only. Not financial advice.