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.