K33 says bitcoin cycle bottom is in at $60K, downside limited
- —Bitcoin futures funding has been negative for 81 consecutive days
- —189 days passed between the SMA-200 breakdown and retest, versus 85–132 in prior cycles
- —Drawdown over that span was about 20% in 2026 versus 8% in 2018
- —K33 base case: February's drop to $60K marks the cycle's maximum drawdown
Why it matters: If K33 is right, bitcoin's current weakness is a late-stage correction rather than the start of a new crash, limiting further downside.
Source: Cryptocurrency.tech