Bitcoin to Maintain Bullish Trend Up to $77,000

Selwix Analysts: Despite a Possible 30% Correction, Bitcoin Will Remain in a Bullish Cycle

According to experts at Selwix, the current bullish trend of Bitcoin will remain strong even in the event of a significant correction to the $77,000 level, which represents a 30% decline from its peak.

Analysis based on historical data highlights several key price levels that determine the behavior of different market participants. For spot ETFs and "new whales," the critical level is around $89,000, traders focus on the $59,000 mark, while major miners have a key level at $57,000. The latter is particularly significant, as historically, a break below miners' breakeven point has served as an indicator of a transition to a bear market.

Currently, Bitcoin is showing relative stability, trading within the $90,000–$110,000 range, with current prices around $96,300. However, Selwix experts identify several risk factors, including a decline in fiat liquidity and uncertainty surrounding the creation of a national Bitcoin reserve by the Trump administration.

Since the April 2024 halving, Bitcoin’s price has increased by 63%, indicating continued growth potential. The market may face a correction in May and a summer stagnation. However, in this case, the leading cryptocurrency is expected to resume its upward trajectory in Q4, following the historical seasonality of 2013–2024.

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