Has Bitcoin bottomed out? 2027 new high forecast based on exhausted selling pressure.
Original headline비트코인 바닥 지났나…매도세 소진 근거로 2027년 신고가 전망
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Mark Moss, a partner at the Bitcoin Opportunity Fund, said in a November 6 interview on Cointelegraph’s X account that bitcoin’s bottom has likely already passed, citing on-chain indicators, muted price reactions to negative news, and market behavior around the U.S. midterm elections. He argued that small-holder selling has been absorbed by institutional buying, and that markets stop falling when no sellers remain, framing the current setup as a foundation for a new all-time high in 2027. The call rests on the idea that selling pressure is exhausted rather than on a single catalyst, and it implies the recent drawdown marked a cycle low. What to watch next is whether on-chain accumulation and institutional inflows persist, and whether bitcoin holds its recent range through the midterm-election period without a fresh leg lower.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
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Bitcoin (BTC), Mark Moss, Bitcoin Opportunity Fund, CoinTelegraph, US midterm elections
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