Bitcoin Looks Dead Now:' Analyst Reveals When the Next Moonshot Could Begin

Bitcoin Looks Dead Now: Analyst Reveals When the Next Moonshot Could Begin ties to commentary about BTC’s drawdown and possible timing for the next rally. The article says Bitcoin’s crash to just under $60,000 left it down more than 53% from its all-time high in October. It reports two analysts’ perspectives: Michaël van de Poppe points to on-chain indicators suggesting the bear market end could be near, while Merlijn The Trader argued “Bitcoin looks dead,” implying the pessimism could be the catalyst needed for a major reversal. The Trader compared the pattern to 2012, 2016, and 2020, where prices stayed suppressed for months before sentiment improved and rallies followed. The article also references the Puell Multiple, cited at 0.65, and warns consolidation could last for months or dip slightly lower. It notes BTC has traded sideways between about $60,000 and $80,000 since an early-February crash.