Pal's BTC Market View – 2.6 First of all, 60K is still not the bottom. But this level of panic needs some recovery. Everyone is just too scared right now. Just like I said this morning, 60K isn’t a level I’d dare to buy at. But there’s nothing left to liquidate anymore. Dropping $10K in a day without any major bad news is about enough. The panic caused by this wave of global asset declines is almost over. Personally, I think we’ll see some consolidation. The market needs a recovery phase, and then maybe one more sharp dip to find the bottom.