I was actually looking at 60k but already it sharply touched 60k and bounces back to 65k before trading currently trading at 69k, although I not sure if this could be thd lowest the price could go. There was a post I came across where people were predicting that we could likely see it trading 30k before the bear market would be over. But then I keep asking if this is already bear market?
If yes then we quickly experience the bear market this season as I was thinking we could experience a little bull run before the bear market coming. To be frank, the last Bitcoin halving didn't just follow the sequence like other past halving.
Although the price has since bounced back to $69,370, it remains true that we are at choice point on whether we are in bad market since 2024 supply cut cycle was shaken by fast rising market that hit top at $126,210 in October of last year. This may not be standard time of multi year crypto winter but big world tightening led by move out of risky items and doubt as result of naming of Kevin Warsh as new Fed Chair.
We are probably moving to sideways zone of between 60k and 80k and four-year cycle habit may be changed although huge company buying of drop around 60,000, points to that bottom might not be as weak as negative people have said.
