Bitcoin’s monthly chart has me watching how buyers respond to support, rather than trying to guess the bottom.
The first area on my chart is $75,770. Holding it would keep this pullback relatively contained. Losing it and failing to reclaim it would put the deeper $65K region into focus.
Above, $87,500 is the level I’d want reclaimed before becoming more confident in a sustained recovery.
What matters is the reaction: does selling lose momentum at support, or do rebounds keep attracting sellers?
I’m still constructive over a three-year horizon, but that doesn’t make every dip good value. A 20% correction can happen during an uptrend; its size alone doesn’t prove the uptrend remains intact.
If BTC trades into $65K–$75K, I’ll be watching whether a base forms and demand returns. The lower end becomes less convincing if price keeps accepting lower levels.
The midterm-election comparison is worth observing, but a handful of past cycles isn’t enough to time a bottom.
Fear can create opportunity. I still want evidence that buyers are absorbing the supply.
Educational only, not financial advice.
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