My take on the current price action
Bitcoin is up these days. We’ve climbed up more than +20 % since the 60 k low we saw a few weeks ago. That’s good news, but in my view it’s only a relief rally inside a broader bear market.
Why? Just pull up the weekly chart and you’ll see it. As long as we don’t break through the 97‑100 k barrier, we’re still in bearish territory. A lower low could still take us back into the 50 k region. Only a clean break above 97‑100 k would let us call the 60 k level the bottom.
I’d put the odds of that scenario at roughly 30‑40 % right now, not bad, but it feels more likely we’ll see another leg down before any real upside.
What’s your take, guys? Bottom in sight or more downside ahead?