📉 Bitcoin at $87K — Buying Opportunity or Just a Temporary Bounce?
Bitcoin has climbed back to around $87,000, and several key indicators suggest the risk-to-reward is becoming more attractive for buyers. Some analysts compare this level to the end of the 2022 bear market.
🔍 Key Points • Multiple long-term indicators have entered the “green zone”, signaling rare multi-year opportunities.
• This doesn’t guarantee the bottom is in, but conditions are improving for buyers.
• Current data resembles market behavior seen in 2019, 2020, and late 2022.
• The Sharpe Ratio has dropped below zero for the first time since 2023 — historically seen before big multi-month upside trends.
• Bitcoin Heater indicator is at its lowest level since Nov 2022, hinting at potential oversold conditions and a reversal zone.
⚠️ Some analysts like Peter Brandt remain cautious, warning that the recovery could be a “Dead Cat Bounce” — a temporary rise inside a larger downtrend.
