Bitcoin Battle: Bulls Call the Bottom While Bears Claim Victory! 🐻 vs 🐂
The crypto market is a literal battlefield this week! As
$BTC faces intense pressure, two very different narratives are emerging on the charts.
The "I Told You So" Parade
Longtime crypto skeptics like Peter Schiff and mainstream outlets like the Financial Times are taking their victory laps. Following the recent crash from the 2025 highs of $126,000 down to the $60,000–$70,000 range, the "no-coiners" are out in full force. Schiff has been vocal, suggesting that
$BTC 's narrative as "digital gold" is crumbling as investors flee to actual gold and silver during this macro-economic shift.
Why Bulls Say the Bottom is IN
Despite the noise, seasoned
$BTC bulls are spotting classic bottoming signals:
The $60K Floor: Bitcoin recently bounced near $60,069, a level many technical analysts call the "must-hold" support.
Mining Costs: The electrical cost to mine
$BTC is currently estimated around $58,740. Historically, the price rarely stays below production costs for long.
Extreme Fear: The Fear & Greed Index hit a "chilling" 14/100. Contrarian investors know that maximum fear often precedes the strongest reversals.
The Verdict
While the $70,000 level is currently a tug-of-war zone, the "forced liquidations" of the past week have flushed out a massive amount of leverage. Are we looking at a final "capitulation" before the next leg up to $100K+, or is the bear market just getting started?
What’s your move? Accumulating the dip or waiting for $50K?
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