Is Bitcoin Forming a Base Below $60,000? Key Signals to Watch

Bitcoin price has been whipsawing between roughly $70,000 and $60,000 in recent weeks, leaving traders uncertain about where the next major move will emerge. Insights from BeInCrypto’s Expert Council, which includes names connected to Standard Chartered and Kraken, suggest the market may be entering a stabilization phase rather than another collapse. While the recent cycle low sits near $60,000, on-chain data and market structure indicate the potential base could form around this region, though deeper downside remains possible if several key signals fail to improve. Falling Volatility and Deleveraging Suggest Market Stress Is Cooling One of the first clues analysts look for when a market begins stabilizing is declining volatility source: https://beincrypto.com/bitcoin-below-60k-base-formation-expert-signals/