A lot of traders were waiting for $BTC to revisit $50K–$55K before buying.
Instead, BTC found support around $57K and climbed to $81,257 on August 25 roughly a 43% move.
The interesting part isn’t just the rally. ETF inflows, short covering and a better macro backdrop have all helped shift sentiment.
That doesn’t prove $57K was the cycle bottom. But after this recovery, another immediate drop to $50K feels far less certain than it did before.
Was $57K the bottom, or are you still waiting for new lows?
Instead, BTC found support around $57K and climbed to $81,257 on August 25 roughly a 43% move.
The interesting part isn’t just the rally. ETF inflows, short covering and a better macro backdrop have all helped shift sentiment.
That doesn’t prove $57K was the cycle bottom. But after this recovery, another immediate drop to $50K feels far less certain than it did before.
Was $57K the bottom, or are you still waiting for new lows?
