Is Bitcoin really at a "bottom bounce" lately? The market is still buzzing about it.
Some folks think that with the price rebounding from the lows to over $78K, we might have dodged the worst phase; but there are analysts who completely disagree.
Recently, analyst Maxi Trades has given a more bearish outlook. He believes Bitcoin currently resembles a "fake stability," and the real risks may not have fully played out yet, possibly even leading to another significant pullback.
His core logic is based on historical trends. He compiled several past instances of similar consolidation phases: Bitcoin usually trades sideways for about two to three months, then suddenly picks a direction, and once that direction is clear, the volatility can be substantial.
For instance, there was a time it consolidated for 64 days before jumping around 14%, but there was also a period of 114 days where it plummeted 27%, and even another case where after 77 days of oscillation, it crashed by 33%.
Currently, we’ve been in a consolidation phase for over two months without a real "directional breakout."
Thus, he believes the more concerning possibility this time is a downward breakout.
A bolder prediction is that if the market continues to weaken, Bitcoin could drop back to around $50K, representing a potential decline of over 30% from the current price.
He also emphasized a key point: although Bitcoin has been down from its historical highs for over six months, we haven’t yet seen a typical "true bottom structure," meaning the market may not be done with its final drop.
Of course, this is just a cautious prediction and doesn’t guarantee it will happen. But it reflects a real state of the current market —
prices are bouncing back, but confidence hasn’t fully returned; both bulls and bears are testing the waters, but neither has an absolute edge.
So right now, Bitcoin feels like it’s at a critical crossroads: will it continue to rally, or will it dive back down to test the bottom once more? The coming days may provide the answer. #BTC
Some folks think that with the price rebounding from the lows to over $78K, we might have dodged the worst phase; but there are analysts who completely disagree.
Recently, analyst Maxi Trades has given a more bearish outlook. He believes Bitcoin currently resembles a "fake stability," and the real risks may not have fully played out yet, possibly even leading to another significant pullback.
His core logic is based on historical trends. He compiled several past instances of similar consolidation phases: Bitcoin usually trades sideways for about two to three months, then suddenly picks a direction, and once that direction is clear, the volatility can be substantial.
For instance, there was a time it consolidated for 64 days before jumping around 14%, but there was also a period of 114 days where it plummeted 27%, and even another case where after 77 days of oscillation, it crashed by 33%.
Currently, we’ve been in a consolidation phase for over two months without a real "directional breakout."
Thus, he believes the more concerning possibility this time is a downward breakout.
A bolder prediction is that if the market continues to weaken, Bitcoin could drop back to around $50K, representing a potential decline of over 30% from the current price.
He also emphasized a key point: although Bitcoin has been down from its historical highs for over six months, we haven’t yet seen a typical "true bottom structure," meaning the market may not be done with its final drop.
Of course, this is just a cautious prediction and doesn’t guarantee it will happen. But it reflects a real state of the current market —
prices are bouncing back, but confidence hasn’t fully returned; both bulls and bears are testing the waters, but neither has an absolute edge.
So right now, Bitcoin feels like it’s at a critical crossroads: will it continue to rally, or will it dive back down to test the bottom once more? The coming days may provide the answer. #BTC