BTC Shows Resilience, But Downside Risk Still Looms
Bitcoin has been holding up pretty well over the past few weeks after briefly dipping to 60k. Since then, we’ve consistently traded above 63k on a daily basis. On the upside, the 76k level marked the top of the sideways range we’ve been stuck in recently.
The big question is whether that 60k level was the bottom, or if we’re headed lower. Personally, I’d say there’s about a 30–40% chance the bottom is already in. That said, I still lean toward seeing lower prices over the coming weeks or months. My base case is that the final bottom will likely form somewhere in the 50k range. I’m not really buying into the 40k or lower targets at this point.
What do you guys think? What’s your current take?
