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The bottom is now in place. Unless stocks drop significantly, we will soon see a rebound.
Bitcoin is currently retesting the all-time high of 2021, which last marked BTC's bottom.
In 2022, BTC tested the all-time high of $19,800 in 2017, dropped below to $15,400, and then formed a bottom.
We are seeing the same pattern again: we just broke below the 2021 high of $69,000 and tested the $60,000 level.
Therefore, the bottom is likely in place, and we should see a rebound, but if stocks drop sharply, BTC could go lower.
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