In a universe where Bitcoin is the answer, the question is always “Where’s the bottom?” According to crypto analyst Leshka, the answer is “Not yet, but probably soon-probably.” He’s joined by the likes of Doctor Profit, who insists that BTC could still plunge to $40,000, as if the market’s been waiting for a reason to throw a party in the basement of your savings.
Analyst Explains Why Bitcoin Price Hasn’t Bottomed
Leshka, ever the optimist, points out that Bitcoin has never bottomed after a mere 47% drop. History, he says, is a cruel mistress who demands at least 78% of your life savings before she’ll let you off the hook. The 2013, 2017, and 2021 crashes-87%, 84%, and 73% respectively-were mere warm-ups for the real show. Spoiler: The real show is still in the queue.
His chart, a masterpiece of existential dread, suggests BTC could dip to $50,000 before the universe decides to stop being so dramatic. But don’t get too excited; Leshka predicts a drop to $55,000 is next. Because nothing says “recovery” like a 55% haircut.
Doctor Profit, ever the gloomy optimist, warns that Bitcoin hasn’t found its macro bottom. He’s predicting a local bottom between $57k and $60k, which is like saying “maybe the sky will stop falling in a few weeks.” Long-term? He’s still betting on $40k, because why not? The market’s a casino, and the dealers are all wearing tuxedos made of uncertainty.
Meanwhile, Julio Moreno notes that Bitcoin’s Bull Score Index has reached 30, which is the crypto equivalent of “I’m not dead yet.” But don’t mistake this for a recovery-this is a relief rally, which is just a fancy way of saying “the market’s taking a breather before it kicks you in the teeth again.”
Benjamin Cowen, ever the philosopher, explains that in bear markets, Bitcoin spends more time going up than down. But when it does go down, it’s like a boulder rolling downhill-fast, loud, and with a lot of screaming. “You can see the change in market structure from bull to bear,” he says, as if he’s describing a soap opera.
At the time of writing, Bitcoin is trading at $69,300. Down 24 hours. Because nothing says “stability” like a cryptocurrency that’s still trying to figure out if it’s a stock or a joke.
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2026-03-12 18:04