Is Bitcoin Bottom In? Crypto Analytics Firm Says a ‘Step Back’ for BTC Could Fuel the Next Leg Higher – Crypto News – Crypto News
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Is Bitcoin Bottom In? Crypto Analytics Firm Says a ‘Step Back’ for BTC Could Fuel the Next Leg Higher Is Bitcoin Bottom In? Crypto Analytics Firm Says a ‘Step Back’ for BTC Could Fuel the Next Leg Higher

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Is Bitcoin Bottom In? Crypto Analytics Firm Says a ‘Step Back’ for BTC Could Fuel the Next Leg Higher – Crypto News

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4 months ago

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The Bitcoin (BTC) bottom is in, according to the crypto analytics firm Swissblock.

The firm notes on the social media platform X that sometimes the top crypto asset just needs time to consolidate.

“For consolidation to continue, Bitcoin may need to revisit the $80,000–$82,000 zone. Rejections at $86,000 have been consistent, and the range is tightening.

A step back could be what fuels the next leg higher.”

Source: Swissblock/X

Swissblock also notes that the trade war narrative is already priced into the markets, and indices are starting to bottom.

“This weekend, tariff exemptions for tech hit: microchips to cellphones, a lifeline for Apple & Nvidia.

  • ‘Green Monday’ hopes surged!
  • But 24 hours later, Commerce Sec. Lutnick says it’s temporary, pending a sector-specific tariff regime.
  • The good cop/bad cop routine rattled markets, but by Monday, volatility was muted.

Markets aren’t buying Trump’s bluff anymore, not with the same intensity.

  • Volatility down, fear fading.
  • The good cop/bad cop game signals a controlled retreat: trade war costs votes.
  • Is this the start of a bottom for indices? Yes, it is.

Bitcoin’s bottom is in, final consolidation phase has started.

  • A step back doesn’t imply collapse, it opens opportunity.”

BTC is trading at $85,101 at time of writing.

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