'The Bottom Is In': $1 Million Bitcoin Advocate Samson Mow Signals End of BTC Drop

Samson Mow dismisses technical analysis, pointing to a massive $58,000 limit order wall protecting Bitcoin from further drops.

Gamza Khanzadaev · 28 Jun 2026 · 5 min read

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‘The Bottom Is In’: $1 Million Bitcoin Advocate Samson Mow Signals End of BTC Drop

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By
Gamza Khanzadaev

Sun, 28/06/2026 – 10:45

Samson Mow dismisses technical analysis, pointing to a massive $58,000 limit order wall protecting Bitcoin from further drops.

'The Bottom Is In': $1 Million Bitcoin Advocate Samson Mow Signals End of BTC Drop

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Bitcoin maximalist and Jan3 CEO Samson Mow stated that the local bearish trend has ended and that the current cycle has reached its bottom. In his view, the main protective barrier for the market now is a dense wall of limit orders at the $58,000 level.

The reason for Mow’s optimism was the fact that, in the current cycle, Bitcoin updated its all-time high (ATH) 37 days before the halving, and the entrepreneur is convinced that this precedent completely breaks old market models. He emphasized that Bitcoin cycles have irreversibly accelerated, which means that calculations by analysts expecting market capitulation over the next four months are no longer relevant.

I find it incredibly interesting how some people are so certain that the bottom is coming in 4 months because “cycles.” But we had an ATH 37 days before the halving, so it would seem even if you believe in cycles you should reason out the cycles accelerated. The bottom is in.

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Against this backdrop, the Jan3 CEO harshly criticized supporters of classical technical analysis, pointing to a logical contradiction in traders’ behavior, saying that if charts really predicted the future perfectly, analysts should simply sell at the tops and passively wait for the bottom instead of drawing “endless lines.”

In his opinion, traditional chart analysis is now completely detached from reality.

How the $58,000 buy wall closed the window for Bitcoin bears

Instead of patterns, Mow named a massive block of buy-side liquidity as the real reason for the Bitcoin market’s stabilization. According to him, it was the dense wall of limit orders at the $58,000 level that fully absorbed selling pressure and protected the market from a further collapse.

*Bitcoin price action in 2026, Source:* *TradingView*

Mow concluded that the successful buyback of this zone definitively formed a local bottom and closed the window of opportunity for investors who had been hoping to enter the asset at lower prices.