Bitcoin bottomed at $60000 and will retake $126000 - Arthur Hayes

[Awaklara]

Bitcoin price started to decline from a high of $126k ATH and it fell to $60k which disappointed many investors. Although we are optimistic that the Bitcoin market will go back to that level and make a new history again, the price of Bitcoin is a matter of time. However, we have seen a few days ago that the Bitcoin market was moving slowly and it was going to be stable but later the market faced a decline again. The largest holders of Bitcoin are Strategy companies who have been investing in Bitcoin for a long time and they have bought some of their Bitcoins due to which the market has had a negative impact. Although the amount of Bitcoin was low, the market has come down a lot but anyway, those who invest in the long term, this 5-10% market dumping is nothing to them. However, I think that since the Bitcoin market had already gone down a lot, it will correct again and move towards the high.

We are still in a bear market, this downtrend situation will not surprise investors. We might experience another decline that brings Bitcoin below $60k, but hopefully, that does not happen. 
Those who are experienced with the Bitcoin market will not be afraid of declines. What is seen now may, for some people, be an opportunity, because in the future we are waiting for a bullish market.

[Swordsoffreedom]

Even if bitcoin go dips below low $50,000 market price, we know that it will rise back and make it up to an all-time high in bull season as it has always been doing

This is very true and this has been the time many people have been waiting for to come and now here is it. Some people will want bitcoin to fall further so they can get in at lower price, but I think it will be better for such people to start buying bitcoin. As for bitcoin getting to $50000, I do not think that will be possible in this bear season. What I am thinking is that bitcoin is not going to $50000 ever again.

Anything can happen, so we should not assume Bitcoin will never drop to $50k just because we do not want it to. That possibility will always exist

But I agree that those who intend to accumulate bitcoin should buy now instead of continuing to wait. There is no guarantee that price will fall further and reach the level we expect

In a market as volatile and unpredictable as Bitcoin, waiting is not a smart move. Instead, buying in gradually on each dip is a much safer approach.

[summonerrk]

60k hasn't been reached, but it's very close and could be reached today. BTC is trading at $61,000–64,000.
Keywords: investment demand, foreign ETF flows, Coinbase Premium, gold in the red.
Key mechanics: ETF outflow → weak spot demand → strong support → debt liquidation → forced selling.
A classic: First, ironclad support forms, followed by margin positions being taken out and stops being collected.
The bulk of liquidity below this Spring's critical levels has already been accumulated.
New clusters are forming.
Repositioning by American institutional investors. Key BTC levels:
• 60K – best support
• below 60K – capitulation zone/medium-term demand.
 • 70,000 — first level of capitalization
• 72,000–73,000 — confirmation of the technical result
• 75,000 — victory over the scenario
• 78,000–80,000 — restoration of major momentum