Many people ask me if Bitcoin has bottomed out.

I don't know how everyone defines the bottom.
If a rebound of over 10,000 points counts as the bottom, then that has already been achieved.
It rebounded 20% on Friday, reaching 12,000 points.
If a rebound to 100,000 is needed to call it the bottom, then it's still too early.

60,000 is not the bottom, at least not from what we see now.
The current rebound can only be considered a recovery from a 30,000-point drop over 10 days.
The daily chart's overall downward structure still remains intact.
Unless this rebound can push above 90,000, I won't consider 60,000 as the bottom.
Once the daily chart's correction is complete and a second decline breaks below 65,000,
the temporary low of 60,000 will definitely be broken.
The weekly MA200 support is around 55,000.
That position is what I believe to be the best entry point for a bottom.