Bitcoin, bottoming out amid fear… 2027 rebound variables are interest rates and AI investment

Bitcoin is likely forming a bottom over the coming months before resuming an uptrend, according to Bitcoin Magazine interviewee Joe Calasare, who described current sentiment as among the worst he has experienced while pointing to fading short-term speculative capital and a persistent long-term holder base as the foundation for a recovery. He flagged the U.S. interest rate path and whether AI-driven investment translates into realized growth and profits as the key variables determining whether any rebound sustains into 2027. Calasare noted gold and AI-related equities are absorbing liquidity and investor attention, adding competition for capital that could weigh on bitcoin's near-term momentum. The thesis matters because it frames the current drawdown as a sentiment-driven consolidation rather than a structural breakdown, with long-term holders anchoring supply. What to watch next is whether rate expectations shift and whether AI capex converts into earnings, alongside whether speculative leverage continues to wash out.