Bitcoin Eyes $87K Bottom Before Major Upswing
Bitcoin may drop to $83-87K before reversing upward. Current market sentiment suggests an imminent recovery.
- Bitcoin is absorbing market liquidity before a reversal.
- Possible bottom range estimated at $83K-$87K.
- Market sentiment is overly bearish, signaling a potential uptrend.
Bitcoin is currently in a phase of absorbing liquidity, a crucial step before any major price movement. Analysts suggest that Bitcoin needs to take all available liquidity in the market before initiating a strong upward rotation. This process involves a period of consolidation and potential price dips, leading to what could be a key bottom range.
Potential Bottom at $83K-$87K
According to market projections, Bitcoin’s ultimate bottom in this cycle could lie between $83,000 and $87,000. While this range may seem concerning to some investors, it is seen as a necessary correction before Bitcoin can resume its bullish trajectory. Historically, major bottoms in Bitcoin’s price action have been followed by sharp recoveries, driven by renewed buying pressure.
Anyways, mentioned this yesterday, #Bitcoin needs to take all the liquidity.
— Michaël van de Poppe (@CryptoMichNL) February 25, 2025
That's what we're currently doing.
Ultimate bottom case? $83-87K.
Then we should be rotating upwards.
The current sentiment is extremely peaking to the downside, so that's likely the case. pic.twitter.com/aSaN6xf9D1
Bearish Sentiment Could Signal a Reversal
The current market sentiment appears extremely bearish, with many traders expecting further downside. However, excessive bearishness often precedes a market turnaround. When sentiment reaches a peak level of pessimism, it suggests that selling pressure is close to exhaustion, making way for a potential rebound. Investors should monitor key support levels and be prepared for Bitcoin to regain upward momentum soon.
