Amid warnings that Bitcoin (Bitcoin, BTC) could plunge to $60,000 during a period of market fear, the cryptocurrency managed to reclaim the $70,000 level over the weekend. Analysts also suggested that the $60,000 range represents Bitcoin’s true bottom and could serve as a strong support line during this correction phase.
According to crypto-focused outlet Benzinga on February 15 (local time), Jurrien Timmer, Director of Global Macro, assessed that Bitcoin is highly likely to form a bottom near the $60,000 mark. Regarding the recent price volatility, Timmer described it as a natural occurrence in the asset’s maturation process, emphasizing that its long-term growth trajectory remains intact.
Timmer compared Bitcoin’s price movement to the S-curve adoption model seen during the early days of internet proliferation, stressing that the current situation differs from past episodes of sharp bubble collapses. “$60,000 will likely be the bottom of this downturn,” he said, suggesting that this price range could offer an attractive entry point for long-term investors. He added, “Although Bitcoin is correcting from its October 2025 peak of $126,000, the pullback remains well within the expected range of its four-year cycle.”
Within the market, strong downward pressure has emerged as funds flow out of spot Bitcoin ETFs and large holders take profits. However, Timmer characterized Bitcoin as digital gold—a store of value—and predicted that its scarcity-driven position will strengthen over time. He advised investors to focus less on short-term price fluctuations and more on fundamental network growth indicators such as increasing wallet numbers and broader adoption.
He also dismissed the possibility of the kind of 80% crash often seen in past bear markets. Timmer analyzed that the market has matured with increased institutional capital inflows and a more established regulatory environment, resulting in a flattening effect with reduced volatility. Participation by global asset managers such as BlackRock has provided ample liquidity, acting as a buffer against extreme collapses—one of the key arguments supporting the $60,000 bottom thesis.
Bitcoin now stands at a critical crossroads shaped by macroeconomic uncertainty and shifting supply-demand dynamics. The $60,000 support level proposed by Timmer is expected to act as a psychological last line of defense for market participants, helping to curb additional selling pressure. As regulatory integration accelerates, including the proposed U.S. crypto market structure bill (CLARITY), the asset’s stability is likely to become even more solidified.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses resulting from decisions based on it. The content should be interpreted solely for informational purposes.*  <저작권자 ⓒ 코인리더스 무단전재 및 재배포 금지>
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