Bitcoin has ended the era of cheap purchases: why the $60,000 mark is forever a thing of the past
The market for the first cryptocurrency has entered a new phase where previous price targets have lost relevance. My analysis of macroeconomic factors and liquidity flows indicates that bitcoin has permanently established itself above the psychologically significant level of $60,000. The current consolidation around $64,000 is not a temporary lull, but the formation of a new cycle bottom, below which the price will no longer fall.
Fundamental Shift: Bitcoin as a Safe-Haven Asset
The key driver of this transformation is the unprecedented monetary expansion by central banks. The issuance of fiat currencies has reached such scales that currency devaluation has become a structural, rather than cyclical, phenomenon. Under these conditions, bitcoin serves not as a speculative tool, but as insurance against inflation and devaluation. Institutional investors, including pension funds and corporate treasuries, have already revised their valuation models, incorporating long-term hedging potential into the price.
Notably, even during periods of local corrections, accumulation volumes from large holders do not decline. This confirms that the market no longer views levels below $60,000 as fair value. Demand for bitcoin as "digital gold" has become too resilient to allow the price to return to previous lows.
Technical Picture and Prospects
From a technical standpoint, repeated testing of the $60,000–$64,000 zone has formed a powerful support level, backed by high trading volumes. Each attempt to decline meets active buying, indicating a consensus among market participants regarding further growth. In the coming quarters, I expect consolidation above this range with a gradual move toward new all-time highs.
However, investors should not expect a linear movement—volatility will remain high, but the trajectory is upward. My forecast: as long as central banks do not change their policies, and there are no prerequisites for that, bitcoin will only strengthen its position.
My expert conclusion: The assertion that a drop below $60,000 is impossible appears justified, but only if the current macroeconomic paradigm persists. Any unexpected reversal in the Fed's monetary policy or a regulatory shock could disrupt this picture. Nevertheless, bitcoin's fundamental role as a safe-haven asset is already irreversible, and even corrections will be limited in nature.