Cryptocurrency analyst Ardi suggests Bitcoin's downtrend may end by referencing its last cycle bottom, where leverage was reset. While current leverage is higher, significant deleveraging has occurred, potentially signaling a bottoming process.
Geopolitical tensions between the U.S. and Iran have seen Bitcoin remain relatively stable, indicating market resilience. Analysts like Michaël van de Poppe predict a potential rally to $75,000-$80,000 this month, citing consolidation above $65,000 and easing selling pressure from long-term holders.
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