According to this expert, the bottom is in

[SquallLeonhart]

Great call I guess as we have not moved further since the start of Feburary but the problem is we havent moved higher either.  That single week of range at the Feb start contains entire the BTC price action ever since, we're caught within the net of the volume traded at that time.

I have a theory about that, and that one could be another confirmation for strong support in the low 60s.

Assumption: Most traders think that at 60k, Bitcoin is undervalued, and this leads to strong support in that area. The 60s were only reached due to a cascade of liquidations when the 80k bottom from November/December and then the 74k bottom from last March were broken.

Possible confirmation of the assumption: Even if the Iran war has escalated to levels not seen in years in this area (and clearly further than in the early 2025 attacks) the Bitcoin price didn't hit lower lows. This includes the oil price spike last weekend, which only led to action in the 65k area. This means that there is enough buy volume in that area that an attempt to break further down in the 60k area and below, even with extreme levels of fear, is difficult for the "shorters" camp.

This is not untrue, it's just not enough. What we are seeing right now is that, whenever it reaches 60k, people think that it's undervalued, that part is true. But why do they think like that? Because anytime we go down, we go up, and that means that we all know the price will recover eventually if we just let it be, so when the price goes down a lot, we buy, because we believe that it will go up. What can change that? What if we go down, and then keep going down because there is a sell pressure?

It's not impossible for it to happen, or what if we just fail to go up, and stay low? It's all possible. They are possible because that is literally what happened, and I doubt it will change anytime soon, we will still drop in price eventually.

[bbc.reporter]

News update. It appears that the institutional investors are very much afraid in the traitorous occurrences on the cryptospace market heheheh. In any case, this article mentions that when institutional investors begin to be more defensive, this is a warning sign that the bottom is in. This is certainly good news. However, there is also bad news. Their defensiveness also implies that there will be another big



Bitcoin options traders are skittish.

They have been loading up heavily on downside protection at levels not seen in five years, according to VanEck’s latest Bitcoin ChainCheck report.

When put-to-call ratios are high, they signal two possible scenarios.

The first scenario is that peak fear tends to mark the bottom. When everyone is positioned for more downside, it can signal capitulation.

Take the last time the ratio hit last month’s levels. In June 2021, right after China had banned Bitcoin mining. Bitcoin crashed to $30,000 from $64,000. Just a few months later, it bottomed near $29,000 before rising again to $60,000 in November.

Then there’s a second scenario: institutions see what’s coming. When investors are willing to pay elevated premiums for puts — and VanEck noted that this premium has reached record levels — it suggests they expect more pain ahead.

Read in full https://www.dlnews.com/articles/markets/bitcoin-options-traders-extreme-defensiveness-bets-33-billion/

[JeffBrad12]

Currently gold is forming double top on its chart, recently hitting the nearest support level, if the support level is broken, maybe we can expect for the money to rotate to crypto again.
The only contender for crypto that could steal the spotlight again and hoard all the inflow is oil.
Bitcoin current's price action is looking strong honestly. Hoping that this time its bitcoin that get to be green. Maybe the expert is true, bottom might already be in.

[bbc.reporter]

@JeffBrad12. Where is this chart of this gold of yours? You should share this heheheeh. In any case, it very much appears that the Donald's war against Iran is causing the market to form another bottom. If this is a bottom that will not be lower than the present bottom, we cannot be certain. However, it appears that if this war will continue, the whole world will be in another big short occurrence similar to 2008 financial crisis.

[d5000]

News update. It appears that the institutional investors are very much afraid in the traitorous occurrences on the cryptospace market heheheh.

This is not very surprising. Not only due to the current geopolitical situation, but also because of the erratic behaviors of precious metals. The market doesn't work currently like investors expect normally (stocks up/gold down, or stocks down/gold up), instead currently stocks and gold/silver are both down. There is much uncertainty and it is thus understandable that also in markets unrelated to the geopolitical theater like BTC, fear builds up.

And Bitcoin's price currently also misses clear signals which could counter that fear. It does score higher highs (72->74->76k), but not consistent higher lows. The 70k were again clearly broken to the downside this weekend. I think Trump's recent declarations (the "ultimatum" to Iran) could have triggered that low.

On the other hand, we're still very far away from the 60k bottom. Maybe tomorrow (Monday) we could see a first test of 65k, but if it's clearly rejected and Bitcoin continues above 67-68k, the search for higher highs could continue.

[ultrloa]

News update. It appears that the institutional investors are very much afraid in the traitorous occurrences on the cryptospace market heheheh.

This is not very surprising. Not only due to the current geopolitical situation, but also because of the erratic behaviors of precious metals. The market doesn't work currently like investors expect normally (stocks up/gold down, or stocks down/gold up), instead currently stocks and gold/silver are both down. There is much uncertainty and it is thus understandable that also in markets unrelated to the geopolitical theater like BTC, fear builds up.

And Bitcoin's price currently also misses clear signals which could counter that fear. It does score higher highs (72->74->76k), but not consistent higher lows. The 70k were again clearly broken to the downside this weekend. I think Trump's recent declarations (the "ultimatum" to Iran) could have triggered that low.

On the other hand, we're still very far away from the 60k bottom. Maybe tomorrow (Monday) we could see a first test of 65k, but if it's clearly rejected and Bitcoin continues above 67-68k, the search for higher highs could continue.

As of the moment the market moves unusual, both those what people think that safe haven assets and stocks are dumping together. This situation makes everything unusual and shows that market is really uncertain, which we could also see that Bitcoin seems affected and moving downwards to.

This situation on which we don't see any consistent highs makes lots of people nervous, even if we see some asset reach its ATH before. The recent action done by Trump on which they give ultimatum to Iran to open up the Strait of Hormuz can escalate or even trigger more tensions and might also cause more dumps. Hopefully we see Bitcoin will stay at $60k+ price level while this tension still happening since maybe we still have a chance to see more high price if Bitcoin can sustain those external pressures.

[Agbe]

The last bear market last lasted for 7+ good Months so if any Bear market that will be shorter then it must be below the 7+ Months of rue previous Bear Market. Today again the price is rising above $70+k again. And as I said before I will make my final prediction, let me see the movement from the Month of April. It is from April that the real bear market always starting. But if the price doesn't change downward, in the midst of April then this will be the Shortest.