Bitcoin may still be under pressure, but one crypto analyst says the market could be getting closer to a bottom. Referencing Coinbase CEO Brian Armstrong’s recent comments, the analyst explained that Bitcoin’s $60,000 level may mark the cycle low.
More than 50% of Bitcoin holders are currently in loss, a signal that also appeared near the bottoms of the 2018 and 2022 bear markets.
While he expects weakness could continue for a few more months, he sees the current period as an accumulation phase. Here are Top 3 Altcoins to Buy:
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