Crypto bear market is nearing end, with $60K as key bitcoin floor, Compass Point analysts say
Further downside would likely require a U.S. equity bear market, analysts say, as bitcoin tests weak support.
Compass Point analysts say the crypto bear market is in its "final innings," with bitcoin likely to bottom between $60,000 and $68,000 absent a broader U.S. equity bear market.
They see strong long-term holder support around $65,000 but warn that the $70,000 to $80,000 range is an "air pocket" with little structural support and continued risk from ETF outflows.
A deeper drop toward $55,000 would likely require a major risk-off shock similar to 2022, even as regulatory progress inches forward and funding rates hint that a cyclical bottom may be nearing.
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