Has Bitcoin Bottomed Yet? When Could BTC Recover?
Bitcoin still hasnโt fully confirmed a macro bottom, but the $62Kโ$63K area is becoming a very important short-term support zone.
Right now, the market is being driven by 3 major factors:
โข Pressure from the Strategy ecosystem after STRC lost its peg, raising fears of a potential domino effect
โข A more hawkish Federal Reserve under Kevin Warsh, slowing risk-on capital flows
โข Middle East tensions cooling downโฆ but not fully resolved yet
Still, there are some positive signs:
Spot ETF flows have not shown panic-level outflows
U.S. equities remain relatively stable
BTC has not broken its medium-term bullish structure as long as it holds above ~$60K
๐ Current scenarios:
โข Holding $62Kโ$60K โ potential rebound toward $66Kโ$68K
โข Losing $60K โ higher risk of panic selling toward $56Kโ$58K
As for a stronger recovery, the market likely needs:
โข A less hawkish Fed stance
โข Stronger ETF inflows returning
โข And a more stable geopolitical environment in the Middle East
For now, the short-term outlook still favors high volatility rather than an immediate return to a full uptrend.
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