Waiting For Bitcoin's Bottom? Analysts Assess If There's Room For Further Downsides Or Start Of Consolidation Phase

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• The very modest and slight uptick in sentiment is notable, but we're still in extreme fear territory. That's usually when long-term entries start making sense

  80% confidence

• The market is 'knee-deep' into 'Bitcoin Fall' after the bubble popped in early October

  80% confidence

• Historically, it takes a full year to reach 'capitulation,' the point where all of the short-term holders have given up and sold, often at a steep loss

  80% confidence

• Expects the crypto market to remain 'choppy' through tax season, with heightened volatility possible this summer amid shifting macro conditions and the midterm cycle

  80% confidence

• Anticipates one last 'sharp move down,' caused by an 'external shock' such as a major fund or exchange going bankrupt

  80% confidence

• If Bitcoin consolidates in a narrow range for weeks, it could signal building momentum

  80% confidence

• When capitulation occurs, there are only long-term holders left, so the price cannot drop any lower. That's when the new bull market begins

  80% confidence

• Kevin Warsh brings a 'credible posture' toward sustainable growth

  80% confidence

• Market investors should not get 'fixated' on bottoms and tops

  80% confidence

• Monetary policy will not be enough to bail out weak positions

  80% confidence

• Bitcoin cycle low will be between $40,000-$55,000, consistent with predictions from 2024 when the latest cycle began

  80% confidence

Data points we hold from this source