‘Bitcoin Looks Dead Now:’ Analyst Reveals When the Next Moonshot Could Begin

🚀 Bitcoin's recent drop to just under $60,000 marks a 53% loss since its all-time high last October, but some analysts believe it may have bottomed out or is close to doing so.

🔍 Analysts like Michaël van de Poppe and Merlijn The Trader suggest that the current sentiment of despair around Bitcoin could be a precursor to a significant price revival, similar to past cycles.

⚡ Historical data indicates that Bitcoin's mining cost has reached a level that previously signaled market bottoms, with the Puell Multiple at a historic low, suggesting a potential for a rally if the current consolidation continues.