Bitcoin sinks under $90K: BitMine, Bitwise execs tip bottom this week

💡 DMK Insight

So, Bitwise’s Matt Hougan is calling for a price bottom soon, and here’s why that matters: If Hougan’s prediction holds, savvy traders should prepare for a potential rebound in crypto prices, which could create a buying opportunity for long-term positions. Historically, significant bottoms have often led to substantial rallies, especially when sentiment is low. This could align with broader market trends where institutional interest in crypto is gradually increasing, despite recent volatility. But here’s the flip side: while a bottom might be on the horizon, timing is everything. Traders need to watch key support levels closely—if prices dip below these, it could signal further downside before any recovery. Keep an eye on the overall market sentiment and macroeconomic indicators, as they can heavily influence price movements. For now, monitoring the daily charts for signs of accumulation or bullish divergence could provide actionable insights. In the coming weeks, watch for any shifts in trading volume or significant news events that could either validate or contradict Hougan’s forecast.