Experts Warn Bitcoin is Still Searching for a Bottom – Personal Perspective

Many recent analyses suggest that Bitcoin ($BTC) may not yet have truly bottomed out. Notably, the cause lies not in the price, but in market sentiment. It is true that BTC has experienced a correction. However, the real fear has not yet appeared. Most traders remain quite calm, still expecting price increases, and still buy during corrections. In previous cycles, bottoms did not form when the market was still “comfortable”, but only emerged when confidence was clearly broken. And that factor, at this point in time, has not yet occurred. The price has dropped, leverage has cooled off somewhat, but there is no wave of panic. The rebounds are sold off very quickly, while the declines are bought up slowly. This often reflects the market's state of being stuck, rather than a clear reversal. Many analysts also agree: the price has reacted, but the sentiment has not. The ETF money flow and large institutions generally remain supportive behind the scenes, but that does not dictate short-term volatility. The market only truly shifts when people lose faith, not when news headlines remain positive. 🐱 Personal Perspective I do not see this as a major crash. I see a phase of selling, testing support, influenced by macro factors, psychology, and underlying fear. I have also never claimed that the bottom has been confirmed. At this moment, BTC is reacting to the macro environment, not to technical structure. In fact, the market structure has weakened for several months. The previous rally to the ATH was largely due to the absence of unexpected macro shocks, stable liquidity, and high confidence. However, currently, macro uncertainty factors are emerging consecutively, and the market is beginning to feel that pressure clearly. Excessive leverage makes the situation even more fragile. As BTC approaches its ATH, market confidence reaches a peak: forecasts of $BTC up to $200,000 appear everywhere, including from very well-known names. This kind of excessive confidence makes the market most vulnerable. Therefore, for me, this stage is not about candlestick patterns or formations on the chart. The focus lies on how the market reacts to the upcoming macro data. Until there is sufficiently clear information, traders and smart money will not be able to regain real confidence. 👉 In summary: BTC has not crashed, but it is also not yet in a position to confirm a bottom. The market is still waiting for a push – or a break – from macroeconomic factors and sentiment.