BTC's $60K February low was the bottom, analyst says

K33 Research has projected that Bitcoin's plunge to $60,000 in February marked the bottom for this cycle, with a moderate bull market similar to that of March-April 2025 expected to follow, The Block reported. Vetle Lunde, an analyst at the crypto market research firm, explained that past bear market rallies were typically followed by further declines due to surges in risk appetite and leveraged positions. However, he noted that the recent market pattern differs. Lunde pointed out that a total of 189 days passed between the break below the 200-day moving average last November and its retest this month, a much longer period than in previous cycles. He concluded that from a cycle perspective, this pattern is less like a short-term bear market rebound and more closely resembles the bull market conditions of March-April 2025.