Stacks Co-Founder Says the Bitcoin Low Is Likely Set Even After a 12% Drop in Seven Days

Quick Take Stacks co-founder Muneeb Ali says the Bitcoin bottom is likely in and calls the slide an early bull-market pullback. Bitcoin sits deep in oversold territory, yet sellers still control the trend. The nearest floor near $63K now decides whether his call survives. Muneeb Ali, who co-founded the Bitcoin layer-2 network Stacks, said he believes Bitcoin has likely found its low. He sees the recent selloff as a shakeout early in a larger bull cycle. His call lands after one of the sharpest weekly drops this year. Traders want to know whether oversold conditions spark a rebound or a lower low comes first.

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