Analyst predicts Bitcoin sweep to $63,000 before true bottom

LP: Bitcoin hasn’t bottomed; $63k sweep likely

Crypto analyst LP says Bitcoin hasn’t formed a true bottom. He expects a sweep toward $63,000.

Price tries to reclaim $70k amid reported U.S.–Iran ceasefire talks. Reuters reports a 45‑day truce push.

“In a true bottom, price repeatedly sweeps lows.” LP cites past bear cycles where multiple low sweeps forced capitulation before reversal. X post. Previous bear cycles.

This time, highs keep getting swept. Lows stay exposed. He sees a breakdown to tag lower wicks, then a proper base ahead of the next bull cycle.

Key levels and flows:
- “$63k gets swept.” LP says price is range‑bound and both sides get chopped. X post. Range context.
- He eyes 63–62k as a hedge‑long area against shorts from 73k. X post.
- High‑leverage short clusters below have been cleared. Larger clusters sit overhead up to 75k. X post. Short clusters.
- Long liquidation pockets build near 66k, adding downside liquidity. Overall liquidity skews to the upside, but a range will likely clear both sides. X post.

War headlines remain a backdrop. Bitcoin held key supports during U.S.–Iran tensions. Context.