HiveComb

Everyone’s Bearish. I Bought.

We got to face it guys: We lost the 74k support and are now hovering just above 70k. Fear is extreme, 11/100, and Bitcoin FUD is coming from every direction: Japan, the Fed, AI, you name it. Market sentiment is clearly bearish.

At this point, it feels like the market wants to see the low 60s before any real relief. A bounce from there could take us back into the 80s, maybe even flirting with 100k. That said, this would most likely be a bear-market rally, followed by lower lows. My base case remains a turnaround somewhere in the 58–63k range later this year.

Regardless, at current levels, roughly 44% below ATH, I see this as value territory. I added to my Bitcoin position this morning.