Last week in BVL050, we asked whether Bitcoin was entering another leg lower or approaching a stabilization point. The market answered with a familiar bear-market move: capitulation first, questions later.
Bitcoin finally revisited the $60k zone for the first time since February, an area where emotions run high, conviction gets tested, and every bounce suddenly starts looking like the bottom.
But bear markets have a way of making things look easier than they really are.
The question is whether this retest of $60k marks the beginning of reconstruction, or simply another stop on the road toward a cycle bottom.
The answer to that question may ultimately lead us to one of the most important answers of this entire bear market.
