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Hope for Bitcoin
The bottom has been established, and we are about to witness a rally unless the stock market crashes hard.
Bitcoin is currently testing the previous all-time high from 2021, a price level that once marked BTC's bottom.
In 2022, BTC tested the 2017 ATH of $19,800, dropped below $15,400, and then formed a bottom.
We are seeing a similar pattern again: we just dropped below the 2021 high of $69,000 and tested the $60,000 level.
So, the bottom has probably been set, and we will bounce back, but if the stock market crashes hard, BTC could go lower.