Bitcoin dey near di cycle bottom, Goldman dey warn say low volume fit cause wahala
Goldman Sachs talk say di latest selloff wey happen to Bitcoin don start dey resemble how cycles dey behave for history, meaning di BTC move fit dey close to di normal peak-to-trough range. For di latest pullback, Bitcoin dey around $66,000, drop about 40% from di October peak, as risk appetite weak because global uncertainty.
Di bank main warning na trading volume. Goldman talk say if liquidity remain low steady, e fit make price rebounds fragile and fit pressure crypto-industry revenue, wey go affect profitability for firms wey link to crypto. Dem still warn say low activity periods dey often come with higher volatility, wey dey raise di chances of wider swings both ways.
Despite di risk, Goldman still hold "buy" position for Coinbase and Robinhood, sey valuation support dey improve.
For traders, di near-term checklist clear: confirm say Bitcoin don reach bottom by price to hold current levels, and look for volume/liquidity recovery to validate whether any rebound fit last.
Neutral
Goldman view for Bitcoin mixed. On one side, the decline dey match how price don usually behave from peak to trough, fit support the “cycle bottom” story. On the other side, Goldman point out say trading volume remain low as the main risk: even if price find bottom, weak liquidity fit limit follow-through, make volatility higher, and make range trading or deep drawdowns continue longer.
Short term, dis news likely make traders dey cautious to take aggressive longs until Bitcoin volume improve. Volatility risk still high, so confirmation matter. Long term, Goldman “buy” stance on big crypto-linked platforms show valuation support and possible sector resilience, but for BTC itself whether recovery last depend mostly on liquidity coming back.