Bitcoin’s $60K Range Seen As Potential Long-Term Accumulation Zone, Analyst Says

That mix, in his telling, is enough to leave risk assets under pressure in the near term. Still, he argued that the strain cannot last forever because higher borrowing costs and weaker tax receipts make it harder for the US government to keep yields in check.

For Coutts, the price zone matters because it may offer long-term buyers a level that looks cheap in hindsight. He described anything in the $60,000 range as an attractive place to accumulate Bitcoin on a multi-year view, even if the market is not yet done falling.

That call was not presented as a fast trade or a clean timing signal. It was closer to a patient case for buying into weakness while the larger liquidity picture is still working through its next phase.

The analyst also tied the outlook to the way governments and central banks react when markets come under stress. He said that if stocks fall hard and tax revenue weakens, deficits widen further and financial conditions get harder to manage.

That leaves Bitcoin in a familiar place: weak enough to make traders cautious, but close enough to a possible support zone to draw in buyers who think in years, not weeks.

Featured image from Unsplash, chart from TradingView