Bitcoin can dip with the support of 60 thousand dollars.

A Storm of Decline in Crypto Markets is Approaching Its End

Compass Point analysts state that the bear season in the crypto markets is nearing its end. According to analyses, Bitcoin has the potential to create a bottom between 60,000 and 68,000 Dollars. However, this is only valid if a broader American stock bear market does not occur.

Analysts emphasize that there is strong long-term investor support at levels around 65,000 Dollars, while defining the range between 70,000 and 80,000 Dollars as "the area of flight." Risks stemming from a lack of structural support in this range and ETF (Exchange-Traded Fund) exits persist.

A drop to lower levels, such as approaching 55,000 Dollars, could require a significant risk-off shock similar to what happened in 2022. Amid all these developments, it is noted that regulatory progress continues slowly and that funding rates indicate an approaching cyclical bottom.