Where’s BTC Bottom?
What a week, guys. After the big sell-off in gold and silver, Bitcoin is now following suit. Price just broke below the 80k support and is currently trading around 79k. The next major support sits at 74k, the tariff FUD low from last spring. The big question is: will it hold?
We’re clearly in a bear market, and we need to be prepared for lower prices. My base case is a test of 74k, and I think it’s likely that level won’t hold. A dip into the 60s would follow. Somewhere in the low 60s is where I expect a potential turnaround. That would be roughly a -50% move from ATH and slightly below the previous ATH at 69k.
Worst case, the 58k gang has to step in and save the day, if you know the meme 😄
What do you think, guys? Where do you see Bitcoin finding its bottom?
