Bitcoin bottom is likely in
The guest argues there is an 80% probability that Bitcoin's market bottom has already occurred, signaling the early stages of a grinding bull market.
The argument
The guest points to the 'price pain capitulation' at $60k, a weekly RSI drop to 26 (historically a bottom signal), and key on-chain support levels. He suggests that while a slow grind is expected, the downside momentum has faded, making a drop to previous lows highly unlikely.
The thesis, stress-tested
✓ What validates it
- ✓Bitcoin price breaking and holding above $85k
- ✓Weekly RSI sustaining above oversold levels
- ✓Transition of market sentiment to a 'buy the dip' regime
▸ Risks discussed
- ▸Short-term pullbacks to $70k-$75k are possible to clear out leverage
- ▸Bears defending key resistance levels at $85k and $95k
Hear it yourself
"You were pretty dejected when I saw you outside, but, we're gonna save that bit for later. Yeah. Let's There there there's good reason for it. Let's start with Bitcoin, though. Yep. Are we in a bull or a bear market? Because the way I look at this is, I think the bear market sorry. The bull market starts the day after the bear market bottom. The worst day of the bear is the start of the bull. I'm not this believer that you have to get past all time highs to go into a bull market. But, like, is it too early to say we're in a bull market, or do you think we are? So this is the right framework to think about it."
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