Bitcoin’s (BTC) Deep Correction Sets Stage for December Rebound, Says K33 Research

K33 Research, through analyst Vetle Lunde, posits that Bitcoin's recent steep correction, despite structural selling pressure from ETF net outflows and reduced CME futures activity, sets the stage for a December rebound. The firm believes the market is overreacting to distant threats like quantum computing risks or Tether instability, which are years away from posing real danger. Instead, K33 points to strong historical support levels near $70,000–$80,000, cautious futures positioning with low leverage, and upcoming supportive policy changes, including potential 401(k) access to crypto and a pro-crypto shift at the Federal Reserve. K33 concludes that Bitcoin's current valuation reflects fear more than underlying fundamentals, suggesting December may offer a window for bold investors to position for upside.

(Source：CoinDesk)