Bitcoin has firmly established itself above $60,000: analysis of the new cycle bottom
In my analytical review, I arrive at an unequivocal conclusion: bitcoin has permanently left the zone below $60,000, and current levels around $64,000 represent the fundamental bottom of the current market cycle. This is not merely a technical pattern, but a consequence of deep macroeconomic shifts that continue to shape the trajectory of the first cryptocurrency.
Macroeconomic Foundation: Why $60,000 Is the New Reality
The key driver cementing this dynamic is the unprecedented expansion of the money supply by global central banks. The monetary emission we have observed in recent years has no historical parallels in terms of scale, and there are no signs that this process will slow in the foreseeable future. Under such conditions, bitcoin ceases to be just a speculative asset—it transforms into a hedging tool for systemic risks associated with the devaluation of fiat currencies.
My assessment is based on the fact that institutional investors and large capital holders have already revised their valuation models. The current price of $64,000 is not a random point on the chart, but the result of portfolio rebalancing in light of long-term inflation expectations. When we see that even during corrective movements, purchase volumes at levels above $60,000 remain stable, this indicates the formation of a powerful support zone that will only strengthen.
Technical Picture and Prospects
From a technical standpoint, holding above the $60,000 mark after a series of tests confirms a shift in market structure. Previous cycles were characterized by deep pullbacks of 70-80% from historical highs, but the current phase demonstrates fundamentally different dynamics—reduced volatility alongside steady growth in underlying value. This is a classic sign of a late-stage bull market, when an asset transitions into the category of macroeconomic instruments.
In my professional opinion, the coming quarters will show further strengthening of bitcoin's position, and any attempts by sellers to push the price below $60,000 will be met with strong institutional demand. Investors expecting a return to "cheap" levels will have to reconsider their strategies—the new reality dictates new price targets.
My expert conclusion: the market has finally entered a phase where bitcoin is perceived as a digital analog of gold, rather than a high-risk asset. This means that previous scenarios of deep corrections are becoming a thing of the past, and investors should adapt their expectations to the new value paradigm.