Brian Armstrong: The $60,000 mark could prove to be the "bottom" for Bitcoin
Coinbase CEO Brian Armstrong suggested that Bitcoin has likely already reached a local bottom around $60,000. In a recent statement, he noted that while there is no complete certainty, the current price zone appears to be a potential turning point.
Armstrong emphasized that he maintains a long position in the first cryptocurrency, viewing it as "new digital gold." In his opinion, by 2030, Bitcoin could demonstrate significant growth, which is directly linked to the historical four-year halving cycle. This cycle, traditionally accompanied by a reduction in issuance and subsequent price increases, remains a key driver of the long-term bullish trend.
My analysis confirms that the $60,000 zone is indeed a critical support level, formed based on previous cycles and trading volumes. However, given macroeconomic uncertainty and regulatory risks, I would not rule out the possibility of testing lower levels in the short term. Nevertheless, a long-term strategy based on halving and institutional adoption remains justified.