European YouTubers pin Bitcoin floor near $60,000

Carl Runefelt and David Wulschner, two European crypto YouTubers, have identified $60,000 as a potential bear-market floor for Bitcoin. Their remarks came as Bitcoin traded near $76,500.

Runefelt, host of The Moon Show, declared the bottom in real time when Bitcoin fell toward about $59,000 and posted a tweet and a video the same day calling $60,000 the bear-market low. He pointed to the Relative Strength Index hitting oversold levels last seen during the COVID-era selloff and to continued purchases by institutional holders, including Michael Saylor, as reasons downside appears limited. He recalled, “I think this is the bottom of the bear market.”

Wulschner, who runs Crypto Familie, described the $60,000 area as a strong accumulation zone but placed his narrower bottom between $52,000 and $53,000. He warned against expecting prices below $50,000 and mapped a less likely “max pain” scenario near $39,000 using a 0.768 Fibonacci retracement. He pointed to corporate treasuries and long-term institutional holders as structural support for prices.

Benjamin Cowen, founder of Into The Cryptoverse, has argued this cycle topped in apathy rather than euphoric mania. He contends the lack of widespread retail frenzy and a frenzied altcoin rotation reduces the applicability of historical 80% bear-market drawdowns.

Both creators framed the current price zone as a time to build positions rather than a short-term trade. Wulschner counseled investors to set portfolio anchors and clear goals during a bear phase, adding,

Profit is not done in the bull market. You set your goals, you set your foundation, you set your anchor positions in your portfolio in the bear market.

They identified scenarios that could invalidate their view. Runefelt flagged further geopolitical conflict, black swan events or destabilizing political statements as factors that could push prices lower. Both described their thesis as contingent on continued institutional accumulation and on the absence of manic retail inflows that create heavy exit liquidity.

Technical indicators and institutional activity were cited as the basis for limited downside risk: oversold readings on the Relative Strength Index and ongoing institutional buying. The creators noted past bear markets followed manic tops and that the current cycle did not show the same level of retail euphoria.