$BTC Is there one last drop? $58,000—could that be the bottom of this cycle?
Personally, I still tend to believe that around $58k is likely already the key low point of this cycle.
While the four-year Bitcoin cycle is weakening, the logic hasn’t completely disappeared. After every halving, the market goes through a phase of frenzy, a pullback, and then re-building the base. At its core, it’s still a game of capital versus human nature.
Right now, the MA200 has already moved above $65,000. As long as there isn’t a black swan event, I think the probability of BTC breaking below $60,000 again is relatively low. If it can then hold sideways above $60,000 for a few months, it would actually look more like a slow, steady base-building process.
For the short term, as BTC has broken out from around $64,000, what truly needs attention now is the $82,000–$82,500 range. If it breaks out with increased volume and holds, the upside space will open up further.
Of course, the market can’t just keep rising in a straight line. Sideways consolidation and digesting profits are completely normal.
I think the real thing to watch out for is this: when altcoins start going collectively crazy and the market turns into full-on FOMO.
So, my view at this stage is very simple:
The bottom has likely already formed. Even if there’s another pullback afterward, it’s more likely to be a shakeout rather than the start of a whole new bear market.
If it really drops below $70,000, would you dare to buy?🔥
$ETH $SOL #标普500期货下跌 #布伦特原油跌1.87% #三星跌8.97%拖累KOSPI跌3.24%
Personally, I still tend to believe that around $58k is likely already the key low point of this cycle.
While the four-year Bitcoin cycle is weakening, the logic hasn’t completely disappeared. After every halving, the market goes through a phase of frenzy, a pullback, and then re-building the base. At its core, it’s still a game of capital versus human nature.
Right now, the MA200 has already moved above $65,000. As long as there isn’t a black swan event, I think the probability of BTC breaking below $60,000 again is relatively low. If it can then hold sideways above $60,000 for a few months, it would actually look more like a slow, steady base-building process.
For the short term, as BTC has broken out from around $64,000, what truly needs attention now is the $82,000–$82,500 range. If it breaks out with increased volume and holds, the upside space will open up further.
Of course, the market can’t just keep rising in a straight line. Sideways consolidation and digesting profits are completely normal.
I think the real thing to watch out for is this: when altcoins start going collectively crazy and the market turns into full-on FOMO.
So, my view at this stage is very simple:
The bottom has likely already formed. Even if there’s another pullback afterward, it’s more likely to be a shakeout rather than the start of a whole new bear market.
If it really drops below $70,000, would you dare to buy?🔥
$ETH $SOL #标普500期货下跌 #布伦特原油跌1.87% #三星跌8.97%拖累KOSPI跌3.24%
