A few weeks ago, the popular thesis was simple: “Wait for $50K.”
But the market had other plans.
$BTC reversed from around $57K and rallied to $81,257, helped by stronger ETF inflows, short covering, and improving macro sentiment.
That doesn’t prove the bottom is in but it definitely makes the $50K scenario less obvious than before.
I’ve been following the move on BingX.
Do you think $57K was the cycle low, or are lower prices still coming? 👇
But the market had other plans.
$BTC reversed from around $57K and rallied to $81,257, helped by stronger ETF inflows, short covering, and improving macro sentiment.
That doesn’t prove the bottom is in but it definitely makes the $50K scenario less obvious than before.
I’ve been following the move on BingX.
Do you think $57K was the cycle low, or are lower prices still coming? 👇
