How does this daily chart look to you guys?
To me, it feels like Bitcoin wants to test the 60k level again. We haven’t managed to recover back into the 80s to really stabilize, and right now BTC is sitting around 67k.
If 60k holds, this could potentially evolve into a double bottom. However, I wouldn’t rule out a move slightly lower toward the 58k area, that’s still my base case. Some people are even calling for a drop below 40k, but in my opinion that seems quite unlikely at this stage.
What do you think? Is 60k the bottom, or are we going lower first?