📊 Bitcoin may soon "bounce back" as the market shows signs of stability

Analysts say the market is gradually forming a bottom after Bitcoin recovered 8% on Wednesday.

🔹 Bitfinex notes: the phase of "extreme leverage liquidation", short-term investors capitulating, and signs of selling exhaustion are creating conditions for a stabilization phase + short-term bounce.

🔹 The market is currently operating with lower leverage, reducing the risk of a sell-off due to automatic liquidations.

🔹 After the flush of ~19 billion USD on 10/10 and the bottom of ~82,000 USD (21/11), the remaining leverage has been "cleaned up".

📉 Although the 4-year cycle is questioned due to prices not following the old pattern, many experts still believe that Bitcoin is currently closer to the bottom than the top.

📈 Some predict BTC could return to $100K before the end of the year if the recovery momentum continues.