I don't think Bitcoin's bottom will be $60,000 at this time. Not only considering the magnitude of historical pullbacks, but also the recent market's exhausted, lackluster trend. The main issue right now is the company MicroStrategy. Due to its aggressive expansion over the past few years, as Bitcoin has continued to fall, MicroStrategy has reached a very dangerous stage. MicroStrategy right now is like a huge barrel of gunpowder waiting to be ignited, and other capital will not want to step in and “hold up the sedan” at this stage. They would rather ignite that gunpowder barrel to bring themselves cheap coins.
Bitcoin has been moving quite weakly recently. The $60,000 level looks like it won't drop, but it’s really more like a fragile situation barely being held up, teetering on the edge. Of course, this situation can’t last for too long. The market will eventually have to move in a direction. I expect a reasonable entry opportunity in the coming months, $BTC .
Bitcoin has been moving quite weakly recently. The $60,000 level looks like it won't drop, but it’s really more like a fragile situation barely being held up, teetering on the edge. Of course, this situation can’t last for too long. The market will eventually have to move in a direction. I expect a reasonable entry opportunity in the coming months, $BTC .