Bitcoin’s $60K bottom still holds? K33 says this cycle is different
Bitcoin’s $60K February low may still mark the cycle drawdown, as K33 points to weak leverage, ETF outflows and cautious BTC traders in May.
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BitMEX co-founder Arthur Hayes has suggested that Zcash (ZEC) could eventually reach 10% of Bitcoin’s market capitalization, a long-term bullish thesis on privacy coins rather than a near-term price forecast. Based on ZEC’s circulating supply of around 16 million tokens, that scenario would imply a price in the high four-figure range, roughly $8,000–$10,000, depending on Bitcoin’s valuation. A Chart Pattern Worth Watching On the technical side, traders point to a possible cup-and-handle pattern, but this is a subjective chart formation with no guarantee of outcome. Resistance is often cited around $625–$650, with some speculative projections suggesting a move toward $1,000, though this depends heavily on broader market conditions and is not a confirmed target. The target also lines up with ZEC’s 1.618 Fibonacci extension, drawn from a $745 swing high down to a $185 swing low. Privacy Coins Pull Ahead ZEC is not moving alone. Monero and Dash, both privacy-focused tokens, have also poste
Read full articleBitcoin’s $60K February low may still mark the cycle drawdown, as K33 points to weak leverage, ETF outflows and cautious BTC traders in May.
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On the contrary, STABLE has dropped the most over the past 24 hours, followed by TON and XLM.