K33 Research says bitcoin's February 2026 low near $60,000 is likely the bear market floor, with slow consolidation expected between $60K and $75K.

The research firm said bitcoin traders remain unusually defensive, reducing the risk of the kind of leverage-driven collapse seen in prior downturns.

K33 Research says bitcoin's February 2026 low near $60,000 is likely the bear market floor, with slow consolidation expected between $60K and $75K.

While bitcoin has struggled since revisiting its 200-day moving average at around $82,000, K33 maintains that the cycle bottom is still in.

Realized cap stabilization, historically elevated RHODL readings and deeply negative funding rates all point toward a potential cycle low for bitcoin forming earlier this year.

Bitcoin (CRYPTO: BTC) is down 6% since revisiting its 200-day moving average near $82,000 earlier this month, but K33 Research argues February’s $60,000 bottom s