My take on the current price action
Bitcoin is up these days. We’ve climbed up more than +20 % since the 60 k low we saw a few weeks ago. That’s good news, but in my view it’s only a relief rally inside a broader bear market.
Why? Just pull up the weekly chart and you’ll see it. As long as we don’t break through the 97‑100 k barrier, we’re still in bearish territory. A lower low could still take us back into the 50 k region. Only a clean break above 97‑100 k would let us call the 60 k level the bottom.
I’d put the odds of that scenario at roughly 30‑40 % right now, not bad, but it feels more likely we’ll see another leg down before any real upside.
What’s your take, guys? Bottom in sight or more downside ahead?
Still holding nicely considering the tensions
That‘s right
I'm keeping my fingers crossed, BTC is holding my head above the water.
My fingers crossed as well. 🙌🏻