Bitcoin Price Bottom Not In Yet: Founder Warns of One Final Dump

Bitcoin price rebound lifted sentiment after BTC cleared the $70,000 resistance on April 7, with the latest trade around $73,100 (+~2% on the day). Still, crypto founder Joao Wedson (Alphractal) says the Bitcoin price bottom may not be confirmed and expects “one final dump” before the bear phase ends. Wedson points to an on-chain signal: BTC often moves toward a cycle bottom when the Investor Price falls below the Long-Term Holder (LTH) Realized Price. In his explanation, Investor Price reflects the average cost of economically active coins. When it drops under LTH Realized Price, it suggests fresher capital is arriving at lower levels, typically after distribution weakens. He argues the market may be transitioning from weaker hands exiting to slower absorption by long-term holders, which can trap price in an intermediate accumulation zone. Upside may also be capped because rallies can quickly fade when selling pressure returns near breakeven levels for marginal sellers. Bottom line: the Bitcoin price setup is framed as a “mid-cycle reset” rather than a confirmed final bottom. Traders may therefore expect chop-to-down volatility, with demand only turning bullish once a new impulse appears.