Is BTC at the bottom?
I believe Bitcoin is close to hitting the bottom, and the downward space is limited.
It has retreated 14% from its peak and is currently showing a fluctuating bottom-seeking trend; the closer it gets to 90,000, the greater the opportunity to buy at the bottom.
Recently, institutions and listed companies have been actively buying the dip, and the total holdings of the government, ETFs, and MicroStrategy have reached 31%, an increase of 14% year-on-year.
Institutions are holding onto their coins for the long term, reducing the circulating supply to support the price. Bitcoin is undergoing a transformation, and in the future, a decrease in supply may lead to an increase in price, making 1 million dollars a possibility.
