Coinbase's Brian Armstrong: The $60,000 mark could become a local "bottom" for Bitcoin
Coinbase CEO Brian Armstrong has suggested that Bitcoin has likely already reached its local bottom around $60,000. However, he emphasized that there is no complete certainty on this matter yet — the market remains volatile, and any forecasts carry risk.
Armstrong confirmed that he maintains a long position on the first cryptocurrency, viewing it as a strategic asset. In his opinion, Bitcoin is confidently carving out a niche as the "new digital gold," and its value could significantly increase by 2030. He links this forecast to the historical four-year halving cycle, which traditionally sets a long-term upward trend.
It is worth noting that current levels around $60,000 do indeed look like a consolidation zone after a correction. Many market participants expect support to form here before the next phase of growth. However, without a clear macroeconomic catalyst, it is premature to talk about a "bottom."
My analysis: Armstrong's statement is more of a confidence signal for institutional investors than a technical forecast. Historically, such comments from top executives of major exchanges do not always align with actual market dynamics. I would recommend focusing on trading volumes and on-chain activity data rather than subjective expectations. If Bitcoin holds above $58,000–$60,000 over the coming weeks, the likelihood of a local bottom forming will indeed increase.