Bitcoin (BTCUSD) may experience one final drop toward $73,400 to $74,500 before reversing, according to experts and analysts who see signs that the recent crypto market selloff could be nearing exhaustion.
Franklin Templeton’s chief investment officer Seth Ginns highlighted several encouraging signals on the Coin Bureau podcast on Nov. 6. These include a VIX level of 28, indicating elevated volatility and forced selling, which has historically preceded market recoveries. He also noted stability in the bond market and healthy crypto fundamentals, with several projects generating revenue despite declining token valuations.
Ginns remains optimistic about Bitcoin relative to gold, citing limited supply, institutional adoption, and growing accessibility. Meanwhile, crypto analyst CryptoInsightUK expects one final liquidity sweep before a sustained recovery. The analyst identified key levels and seeks confirmation through bullish divergence or cryptocurrencies holding steady despite negative geopolitical developments.