Bitcoin has repeatedly tested support at the 63,000 level, and if you look at historical data, it becomes clear that before forming a bottom, there is usually another wave of selling. This is a good moment to learn about cryptocurrencies through analyzing past cycles.

I noticed an interesting pattern: when major declines occur, they rarely end on the first attempt. The market usually bounces back, giving hope, and then goes down even further. For those studying cryptocurrencies and wanting to understand market dynamics, this is a classic pattern.

Looking at previous bear markets, the process of forming a bottom takes time. First come waves of panic, then a period of consolidation. Learning about cryptocurrencies during such periods is especially valuable — you see how fears and hopes of participants work.

Right now, the market is in a phase where you need to be cautious. History shows that learning about cryptocurrencies by observing such moments provides more understanding than any theories. We await further developments.