In a post shared on X, crypto analyst ChainHub said the current conditions point more toward exhaustion, and after massive downside comes massive upside.
ETHBTC Structure HoldsChainHub pointed out that this is the first significant interaction with that demand area since 2025, with Fibonacci alignment clustering around $57,000 to $58,000. This increases the odds that Bitcoin is in the process of forming a base, and that is where it establishes a bottom.
Altcoins Touching Meaningful Demand LevelsFeatured image from Unsplash, chart from TradingView
