Crypto Scenario Insights
What happened
Bitcoin's defense of the $60K support level has triggered a minor relief rally, but its failure to reclaim the 100-day and 200-day moving averages keeps the medium-term outlook bearish.
What we think
The most likely outcome is an extended consolidation phase between $60,000 and $65,000, with a 50% probability, as the market digests the recent leverage flush and the drop in UTXO profitability.
Read the analysis
Is Bitcoin's $60K stabilization a bear trap, or is a drop to $51K still on the table?
We explain what happened and what could follow. We do not forecast prices.