1 month ago
10
Key Takeaways
- VanEck sees Bitcoin nearing cycle exhaustion.
- BTC closed below two key supports.
- $62,250 is now the immediate test.
- A bottom has not been confirmed.
Why VanEck Thinks Bitcoin Is Nearing a Bottom
In an August 13 market outlook, VanEck described Bitcoin as approaching a cyclical bottom after falling from around $125,000 into the $58,000 range.
The firm bases that view on its GEO framework, which tracks Global Liquidity, Ecosystem Leverage and On-Chain Activity. Global liquidity and on-chain activity are currently neutral, while ecosystem leverage is constructive. VanEck describes the combination as showing signs of “near-bottoming” and says investors may consider beginning to scale back into exposure.
Its argument is about the maturity of the broader cycle rather than calling a specific price low. Bitcoin could still trade lower while le...
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