# Lark Davis Says Bitcoin May Be Nearing a New Bull Market, Puts Market Bottom at $57,000 By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/33586 Published: 2026-10-17T00:07:31.000Z Updated: 2026-10-17T00:07:31.000Z Section: Investing > He cited about a dozen on-chain and technical indicators, including large-holder accumulation and the two-week MACD. Bitcoin was trading in the $80,000s as crypto investor and YouTuber Lark Davis said it may be nearing a new bull market, putting the market bottom at $57,000. Davis based that view on about a dozen on-chain and technical indicators. He highlighted what he described as record accumulation by large holders and the two-week MACD as signs the market bottom may be in. Bitcoin’s potential [$80,000-to-$95,000 range during choppy trading]() has also been discussed alongside an early-bull-phase outlook. Davis also discussed Bitcoin ETF flows, comparisons with gold ETFs, the four-year cycle, the Strategic Bitcoin Reserve and the Clarity Act. ## Links in this article - [$80,000-to-$95,000 range during choppy trading](https://www.tokenpost.com/news/investing/32838)