BTC $60,000 and $53,000 are key levels to watch.

Focus on two long-term indicators: the 200-week moving average around $61,000, and the realized price around $53,000. The 200-week moving average has repeatedly acted as significant support in past bear markets; the realized price reflects the average cost of the last Bitcoin transfer across the entire market. If the price moves closer to these two ranges, it will be closer to a historically common cyclical bottoming pattern.