Bitcoin May Have Found Bottom Near $60K, Says Coinbase CEO Armstrong

CoinDesk reports that Coinbase CEO Brian Armstrong believes Bitcoin may have already found a bottom near $60,000, though he stressed that future price direction remains uncertain. He pointed to Bitcoin’s historical four-year cycle as part of his outlook and said he continues to hold BTC, expecting higher valuations by 2030.

Meanwhile, the report highlighted recent price action in the market, noting that Bitcoin slipped to around $59,743 on June 5 before recovering and moving back above $66,000.

Source: CoinDesk