"The next test for BTC is cleanly breaking the cost basis of recent investors ($79K). I give it 30% odds on doing this on this attempt."
"If BTC manages to hold this price level above $65K and not break down, then the chances of a structural bottom increases significantly."
"Capital flows into BTC have turned positive for the first time since January. Liquidity is repairing, spot remains stable, and derivatives are making another rebound attempt."
Bitcoin is nearing a crucial price level at $79,000, which could confirm a market bottom or reveal a failed attempt. Analyst Willy Woo emphasizes that BTC must break this cost-basis threshold to signal a recovery. If Bitcoin can maintain support above $65,000 after a breakout, the likelihood of a structural bottom increases. Positive capital flows and improving liquidity are noted, but these factors alone do not guarantee a successful breakout. A decisive upward movement is necessary to solidify the bottom case.
Read at news.bitcoin.com
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