Bitcoin at $63,000 the Bottom? Analyst Says 50% Correction Is a Launchpad for Rebound

▲ Bitcoin (BTC)

An analysis suggests that Bitcoin (BTC) has formed a base around the $63,000 level with only a 50% correction—unlike previous bear markets—laying the groundwork for a new rebound.

On February 27 (local time), according to cryptocurrency-focused outlet NewsBTC, virtual asset analyst Plan C recently assessed that Bitcoin likely established a bottom near the $63,000 mark. The analyst predicted that, unlike past cycles where Bitcoin suffered declines of 80% to 90% when transitioning from bull to bear markets, the correction in this cycle would be limited to around 50% to 60%. If this analysis holds true, Bitcoin’s bottom range would be set between $50,000 and $63,000, suggesting that the market has either already reached its low or is very close to it.

The absence of the extreme crashes seen in previous downturns is attributed to a fundamental shift in market structure. Plan C argued that Bitcoin is no longer strictly following the traditional four-year cycle theory. This is largely due to the significant inflow of institutional investors through spot Bitcoin ETFs introduced in the first quarter of 2024, which helped the asset reach a new all-time high even before the halving—marking a clear departure from previous patterns. Institutional capital has become a key factor in reducing price volatility and strengthening downside support.

Although investor sentiment in the Bitcoin market remains negative, with the Fear and Greed Index still in Extreme Fear territory, prices are showing signs of recovery. Analysts are pushing back against bearish forecasts predicting a سقوط to $25,000–$30,000, instead highlighting the potential for a rebound from the $63,000 level. Buyers are engaged in a fierce պայքstruggle to drive prices back above $70,000, while the market watches closely for confirmation of a bottom and the next directional move.

Ultimately, Bitcoin appears to be breaking away from past patterns in this cycle, demonstrating a new level of maturity as a digital asset. As the institutional-driven restructuring of the market accelerates, a new standard is emerging in which downside declines are limited and recovery speeds are faster. If the $63,000 level is confirmed as a solid bottom, Bitcoin could dispel fears of further sharp declines and establish a foundation for resuming its long-term upward trajectory.

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