Grayscale suggests that Bitcoin may have established a structural market bottom within the $65,000–$70,000 range, signaling a potential shift in broader trend dynamics.
The assessment follows a more than 20% rebound from the February 5 low near $63,000, indicating renewed demand and strengthening bullish momentum.
According to Grayscale analysts, this range could represent an institutional accumulation zone, where smart money gradually positions ahead of larger upside cycles. However, confirmation of a true bottom would require sustained price stability above these levels, along with supportive macro conditions such as improved liquidity and favorable monetary policy.
Despite the optimistic outlook, analysts caution against relying on a single narrative, as markets remain highly sensitive to volatility, particularly amid geopolitical risks and shifting capital flows.