Has Bitcoin found its bottom? Coinbase CEO named $60,000 as a key support level
The Bitcoin market has once again come into focus following a statement from Coinbase CEO Brian Armstrong. He suggested that the current level around $60,000 could become a local "bottom" for the first cryptocurrency. However, as the head of the largest U.S. exchange emphasized, there is no absolute certainty about this — the market remains volatile and susceptible to external shocks.
Armstrong confirmed that he personally maintains a long position in the asset, calling Bitcoin "new digital gold." His long-term forecast includes significant price growth by 2030. This assessment is based on the historical four-year halving cycle, which traditionally leads to supply compression and subsequent rallies.
Situation Analysis: What Lies Behind the Statement?
The $60,000 level does indeed appear to be an important psychological and technical support. After a correction from all-time highs that exceeded $73,000, Bitcoin is consolidating in the range of $58,000–$62,000. If this level holds, a retest of the resistance zone near $70,000 can be expected. However, a truly bullish scenario requires not only holding $60,000 but also breaking through $68,000 with subsequent consolidation above it.
Expert Opinion: Armstrong's statement is not just a market comment but a signal of institutional confidence. The CEO of Coinbase, more than anyone else, sees capital flows and the sentiment of major players. If the "bottom" has indeed formed around $60,000, this makes current levels attractive for medium-term accumulation. However, one should not forget about macroeconomic risks: tightening of Fed policy or geopolitical shocks could break even the most optimistic cycles.