Post by Augustine Chiagozie (@pabloexchange)

🐻 Has Bitcoin hit the bottom yet? Analysts say "not yet."

The market is currently in a late-stage bear market, but we might still be one final leg down away from the ultimate bottom. Hilbert Capital and Galaxy warn that due to its tight correlation with global macro liquidity, BTC risks retesting the $52,000–$56,000 zone, and in a worst-case scenario, dropping to $40,000–$46,000 by October. Only Fed rate cuts or the passing of the CLARITY Act could potentially reverse the trend sooner.

At the same time, Bitwise notes that the bottom is likely close, as market fear has already reached depths not seen since the FTX collapse, signaling seller exhaustion. However, experts agree that chasing a specific bottom target is pointless right now: due to ETF inflows and stiff competition for global liquidity, we are likely looking at a prolonged and grueling base-building process rather than a sharp V-shaped reversal. Local risks remain, so patience is key.

0 likes · 0 comments · 0 shares