Bitcoin selling pressure exhausted, Moss says, pointing to potential record high in 2027

Bitcoin may have passed its market bottom, with exhausted selling pressure supporting a case for a record high in 2027. Buying by institutions, sales by smaller holders and a muted price response to bad news underpin that assessment. In an interview on Cointelegraph’s X account on November 6, Mark Moss, a partner at the Bitcoin Opportunity Fund, said on-chain activity, price reactions to adverse news and market performance around US midterm elections suggested Bitcoin’s low was already behind it. Moss argued that markets turn when buyers or sellers run out. Market bottoms typically involve a final wave of capitulation as remaining holders give up and sell, a phase he believes Bitcoin has already passed. He pointed to trading activity over roughly seven or eight months.

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