Bitcoin Analyst Sees Brief Window to Buy Below $60K

Analyst Levi Rietveld suggests that Bitcoin may have a brief window to buy below $60,000 based on historical market cycles. He notes that bull markets in Bitcoin typically last up to 35 months, followed by roughly 12-month bear markets. Given the current downturn is about 10 months in, this could indicate potential for a near-term recovery.

Rietveld's analysis is based on recurring patterns around halving events, where bull and bear phases coincide. While XRP shows less consistent patterns, it is expected to follow Bitcoin's broader market direction, meaning a Bitcoin-led downturn could also impact XRP and other altcoins like XLM.