Aaron Dishner of The Better Traders breaks down why Bitcoin’s recent drop may not be the true capitulation bottom, despite classic signals like heavy volume and sharp downside wicks. Looking at past bear markets and on-chain data from Glassnode, Dishner shows that key indicators, including the MVRV-Z score, Puell Multiple, and realized price, have not yet reached the capitulation zones that historically mark cycle lows.
Dishner warns that what many traders view as strong support may actually be “artificial,” pointing to repeated breakdowns where key levels fail one by one. “The reality is that bear markets can last a lot longer than the bulls can hold out hope,” he says. With downside targets at $60K, $49K, and potentially $38,555, he outlines how macro pressure and forced selling from digital asset treasuries could drive the next leg lower.
Recorded April 12, 2026
00:00 – Has Bitcoin Bottomed Yet?
00:05 – Capitulation Signals: What We Just Saw
01:10 – On-Chain Data Says Not Yet
01:29 – MVRV Z-Score Still Not at Lows
02:22 – Multiple Indicators Flash Warning
03:12 – Realized Price and Accumulation Zone
04:23 – Weekly Chart: Resetting the Trend
04:46 – “Artificial” Support Levels Explained
06:55 – 2025 Breakdown: Supports Failing
08:12 – Macro Risks and Digital Asset Treasuries
10:25 – Bitcoin Price Targets: $60K to $38K Scenario
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29 Comments
Took those 2supports in 3days… While having a weekly tf hilarious
The trump klan. Already bailed pump dump.. now they are all in on oil futures….
ALL crypto currencies are a scam
Great presentation. Very valid points. I have also said DAT’s may be the next cascading black swan similar to the crypto lending crisis of 2022. I agree with many of the points. Well done.
I’m not a BTC guy but he makes some very interesting points and actually has very reasonable expectations. I suspect that this “crypto winter” will be quite frosty. When gold rallies and btc plummets I imagine quite a few investors will make the switch.
💯 Facts
I believe that a 'hard economy' is actually the best time to build if you have discipline and the right strategy. Most people spend their time complaining, but I believe in execution over excuses. I made a smart move in early 2026, and because I believe in staying the course, I just hit $1M. The momentum is still building, and by the end of this year, it’s going to be massive.
Looking at a past chart, to predict the future…….. ok
Fantastic video keep them coming
is bitcoin a fiat currency without a country attached?
Bitcoin has not even begun.
Bitcoin will reach 1,000,000$ in 2030's
This video made the market fluctuations so much clearer. I feel more informed now📈
BITCON
$74k. Heading higher.
Psst…..BTC is not Bitcoin.
Where's Jeremy?
Who’s this goober jewber?
Not this guy again. 🙄
This time is different, mate. This time, Bitulip will go to zero when FED’s artificial support for AI bubble collapses.
Aged well … $73,200 and climbing
That's a nice floor Mr doom
You should start a Dep53h School man. Elementary, primary high school to college. People need to be educated
OMG Dep53h!!
Dep53h to $3 this Cycle 🔥🔥🔥
I see lots of anger and despair in comments, time in the market will take you long way, timing the market will reck you! good luck to everyone to bought Dep53h yesterday, its never too late to get on the Dep53h train.
Awesome coverage of Dep53h. You're not late – just zoom out and look at the big picture. Youve earned yourself a subscriber 😎
Don't miss Elon Musk's Dep53h leaving the train!
I currently own my Dep53h in UPHOLD. Can i transfer it to my Dep53h wallet?