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Just came across an interesting take from Compass Point analysts on when the crypto bear market might finally wrap up. They're pointing to $60K as the critical floor for Bitcoin—basically saying if BTC holds above that level, we could be looking at the end of this downturn.
What caught my attention is the logic here. The bear market narrative has been dragging on for a while, and most people are wondering when we'll actually see the bottom. These analysts seem pretty convinced that $60K represents a meaningful support level that, if maintained, would signal we're moving past the worst of it.
Given that Bitcoin is currently trading around $72.86K, we're already sitting comfortably above that threshold. That's actually worth noting—the fact that we've held and moved higher from that $60K zone suggests the bear market could genuinely be in its final stages.
Of course, this doesn't mean smooth sailing ahead. Crypto markets are unpredictable, and we've seen false recoveries before. But if you're asking when the crypto bear market might finally end, having a clear support level like $60K to watch does give us something concrete to track. As long as BTC respects that floor, the case for an ending bear market becomes harder to argue against.
Anyone else been watching these levels closely, or are you waiting for more confirmation before getting bullish again?