K33 Research predicted that the $60,000 Bitcoin recorded during its plunge in February is the bottom of this cycle, and a moderate bull market similar to March-April 2025 will unfold. According to The Block, Vetle Lunde, an analyst at cryptocurrency market research firm K33 Research, explained, "Past rebounds in bear markets were followed by increased risk appetite and a surge in leveraged positions, creating room for further declines. However, recent market patterns differ from past rebound periods within bear markets. First, it took a total of 189 days from the break below the 200-day moving average last November until this month's retest. This is a much longer period than in past cycles. From a cycle perspective, this is less like a short-term rebound in a bear market and more similar to the bull run period of March-April 2025."
