Bitcoin Bottom Found? Analysts Suggest $60K as Crucial Support Level

Analysts at Compass Point indicate the end of the crypto bear market may be near, with $60,000 identified as a vital support threshold for Bitcoin.

According to analysts from Compass Point, the ongoing bear market for cryptocurrencies might be approaching its conclusion. They believe that for Bitcoin to see further declines, it would necessitate a downturn in the U.S. equity market.

Currently, Bitcoin is testing its weak support levels, with the $60,000 mark being highlighted as a crucial floor. This level is seen as pivotal in determining the future trajectory of Bitcoin.