Brian Armstrong admits that bitcoin may have bottomed out around $60,000.
Coinbase CEO Brian Armstrong has expressed the opinion that bitcoin has likely already formed a local bottom around the $60,000 mark. However, he emphasized that there is no absolute certainty about this, and the market retains a high degree of uncertainty.
Armstrong confirmed that he maintains a long position in the asset, viewing bitcoin as "new digital gold." According to his assessment, by 2030, the cryptocurrency shows potential for significant growth, which is directly linked to the historical four-year halving cycle. This cycle, according to the expert, traditionally sets the long-term trend and supports the asset's fundamental value.
It is worth noting that the $60,000 level has repeatedly acted as a psychologically important support zone. From a technical analysis perspective, a bounce from this level could indicate the end of the correction, but confirmation of a bullish scenario requires a consolidation above $65,000–$66,000.
My comment: Armstrong's statement is not just a market forecast, but a signal that institutional players continue to believe in bitcoin's long-term potential. However, relying solely on the opinion of one CEO would be imprudent. The market is currently in a consolidation phase, and a real breakout or breakdown will only become clear after the close of the current weekly candle. Investors should remain calm and monitor trading volume—it is this that will indicate the true direction.