Bitcoin Enters Buy Zone That Previously Led To A 660% And 1,700% Rally
Bitcoin is trading around $73,300 after recent weakness, and some analysts warn it could test the psychological $70,000 level or lower. Crypto pundit Vivek says BTC has entered a historic “buy zone” similar to setups seen in the 2018 and 2022 bear cycles, which preceded massive rallies, and he expects another parabolic move. In contrast, other traders say lower-timeframe momentum looks weak and recovery has not yet confirmed. A potential U.S.-Iran deal is seen as bullish because it could ease inflationary pressure tied to the conflict, but the agreement remains unresolved. One bearish analyst also argues Bitcoin is still in a bear-market regime, with historical drawdowns often exceeding 77% from peak to bottom, implying much deeper downside if that pattern repeats.
