Here’s what happened when Bitcoin climbed back above $65K: the “sub-$60K $BTC ” debate suddenly stopped sounding crazy.
For traders, this is the painful part of every cycle. You wait for the clean pullback, price refuses to give it, and suddenly the level you thought was “too expensive” becomes the new base.
The case being made by Nansen founder Alex Svanevik is simple: Bitcoin below $60K may not return this cycle. His view is that the current $65K+ zone could turn into a real floor, not just temporary support, because global money supply keeps expanding while Bitcoin’s supply stays capped.
We’ve seen versions of this before. In the 2020-2021 cycle, many expected $BTC to revisit old “obvious” levels, but once institutional access improved and liquidity rushed in, the market repriced faster than sidelined buyers expected. The difference now is that access is even easier, and Bitcoin is being treated less like a fringe asset and more like macro collateral.
Compared with assets like $ETH or high-beta alts, Bitcoin’s story is less about app growth and more about scarcity meeting liquidity. That doesn’t mean straight up forever, but it does explain why old support zones can vanish once the market accepts a higher valuation range.
If $60K really becomes history, are you buying strength here or still waiting for the pullback everyone wants?
#Bitcoin #CryptoMarkets #BTC
For traders, this is the painful part of every cycle. You wait for the clean pullback, price refuses to give it, and suddenly the level you thought was “too expensive” becomes the new base.
The case being made by Nansen founder Alex Svanevik is simple: Bitcoin below $60K may not return this cycle. His view is that the current $65K+ zone could turn into a real floor, not just temporary support, because global money supply keeps expanding while Bitcoin’s supply stays capped.
We’ve seen versions of this before. In the 2020-2021 cycle, many expected $BTC to revisit old “obvious” levels, but once institutional access improved and liquidity rushed in, the market repriced faster than sidelined buyers expected. The difference now is that access is even easier, and Bitcoin is being treated less like a fringe asset and more like macro collateral.
Compared with assets like $ETH or high-beta alts, Bitcoin’s story is less about app growth and more about scarcity meeting liquidity. That doesn’t mean straight up forever, but it does explain why old support zones can vanish once the market accepts a higher valuation range.
If $60K really becomes history, are you buying strength here or still waiting for the pullback everyone wants?
#Bitcoin #CryptoMarkets #BTC