Bitcoin Bottom Reached? Top Analyst Reveals Why Now Is the Perfect Time to Buy
Bitcoin's brutal correction might finally be over—and the smart money's moving in.
After months of bloodshed, crypto's bellwether asset shows signs of life. One prominent analyst spots key indicators flashing green.
The capitulation phase appears complete. Exchange reserves are drying up as long-term holders refuse to sell. On-chain metrics suggest accumulation at these levels.
Meanwhile, Wall Street's latest 'risk-off' tantrum looks exhausted. Traders who waited for sub-$30k BTC now face FOMO as institutional bids stack up.
Of course, some skeptics still warn about 'crypto winters.' But let's be real—these are the same folks who missed the last three bull runs while obsessing over 'tulip mania' comparisons.
Bottom line? When vultures and VC funds start circling, retail investors should pay attention. The math doesn't lie: Bitcoin's risk-reward hasn't looked this good since the 2020 halving.
(And if you're still waiting for 'the dip,' congratulations—you just became exit liquidity for hedge funds.)
Why BTC Is A Good Spot To Buy
To answer the question of whether it is a good time to buy BTC despite the Bitcoin price crashing in recent weeks, MarcPMarkets believes that there is potential for upside to buying BTC at around $100,000. The crypto analyst explains that despite the majority still being bearish due to the decline, it doesn’t take away the fact that Bitcoin is still presenting a good opportunity to buy, as it sits in an area that has the potential for a bullish reversal.
One major factor that plays into buying BTC being favorable is the fact that the macro environment right now is still very much inflationary. Given Bitcoin’s capped supply, it has emerged to some as the “perfect” edge to the endless money printing being carried out by governments. Thus, as more fiat currency floods the market, it becomes even more valuable to hold BTC as the bitcoin price is expected to rise in response.
The crypto analyst also explains that the US government shutdown has created what is said to be an information gap. With the shutdown in place, valuable information has not made its way to the public, and these missing reports could have a major effect on the price.
Furthermore, the US Federal Reserve has been moving toward a more dovish stance, which is positive for risk assets such as Bitcoin. Interest rates have been dropping, and the FedWatch Tool shows that expectations for further drops to 3.50%-3.75% are on the rise. The Fed is also expected to end quantitative tightening and move into quantitative easing at the start of December, creating an enabling environment for the Bitcoin price to recover.
Bitcoin Price Just Needs To Hold Support
The bitcoin price is still not completely out of the woods and needs to maintain major support for a recovery to happen. MarcPMarkets points out that there is still support at $98,000, but if the cryptocurrency fails to hold this level, then the Bitcoin price will be facing the next support at $95,000.
The main levels of concern, though, lie around $80,000, as a fall toward this level could mean the start of the next bear market. For one, the analyst explains that $88,000 overlaps with the Wave 1, and failure to bounce from here quickly WOULD mean that the Bitcoin price is in a broader corrective wave.
“I believe the broader bullish structure (Wave 4) is still intact until price overlaps Wave 1 at 88K,” the analyst said. “IF this level cannot be tested within this bearish attempt, it implies a broader Wave 5 is likely to follow which theoretically can see a test of the 126K high.”
