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.”
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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