Analysis: The predicted bottom for Bitcoin will not be lower than $55,000.

2025-12-02 06:29:46

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According to a report from Cointelegraph on December 2, cryptocurrency analysts using Bollinger Bands and RSI technical indicators believe that the bottom of the current Bitcoin bear market will not fall below $55,000, contrary to some predictions of $35,000. Analyst “Sykodelic” stated that Bitcoin has not fully expanded in the current cycle, so a 75% pullback will not occur. Historical data shows that Bitcoin's price has never fallen below the Bollinger Bands lower band on a monthly time frame. CoinEx's chief analyst Jeff Ko is even more optimistic, believing that Bitcoin may only pull back to the range of $65,000-$68,000, pointing out that increased participation from institutional investors will make future price adjustments more gradual and orderly. Currently, Bitcoin's price has rebounded from a low of $84,000 on Monday to around $87,000.

BTC-0,91%

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