Bitcoin’s bear market floor may already be in at $60,000, according to Carl Runefelt and David Wulschner, two of Europe’s most-watched crypto YouTubers. Both argue this cycle never produced the euphoria that justifies an 80% drawdown.
With Bitcoin trading near $76,500, the call appears to be playing out. Runefelt of The Moon Show declared $60,000 the bottom in real time, while Wulschner of Crypto Familie sees a strong accumulation zone with limited downside.
YouTubers Call $60,000 Bitcoin Floor
In an interview with BeInCrypto, Runefelt described the moment he made the call.
“When Bitcoin broke down to 60K, I think it were like 59 point something… I actually made a tweet and a video saying on the same day that I think this is the bottom of the bear market.”
The Swedish creator argued that the bear market does not require a deep drawdown because the prior peak lacked the speculative mania that typically precedes a deep drawdown.
“We never had any euphoria. We never had that screaming altcoin season. We never had Bitcoin going into that stratospheric euphoric mania where everyone in the world is talking about it.”
He also pointed to the Relative Strength Index flashing oversold signals last seen during the COVID-era selloff. With Michael Saylor and other institutional holders still accumulating, the case for further downside looks thin to Runefelt.
Wulschner Sees Limited Downside
Wulschner, the host of Crypto Familie, mostly agreed but allowed for a deeper test.
“I think it would be a mistake if we are hoping for pricing below $50,000.”
His own bottom box sits at $52,000 to $53,000, a level that broadly aligns with the 23% retrace from the prior all-time high seen in the 2017 cycle. He still calls the current zone a strong accumulation support area.
He also mapped a max pain zone down to $39,000 at the 0.768 Fibonacci level, though he called it unlikely. The Crypto Familie host pointed to Michael Saylor and other corporate treasuries as the structural floor preventing a deeper flush.
Echoes of Benjamin Cowen’s Apathy Thesis
The dual call converges with analysis from Benjamin Cowen, founder of Into The Cryptoverse, who argues this cycle topped on apathy rather than euphoria. Without a mania-fueled top, the historical 80% bear-market template no longer cleanly applies.
Cowen frames this cycle as structurally different, arguing that altcoin rotation typically requires the euphoric retail flows that never showed up. Without that mania-driven exit liquidity, the current $60,000 zone can hold as a bottom without a 2018-style washout.
The Risks That Could Break the Thesis
Runefelt flagged what would invalidate the call.
“If we see more war or more black swan events, we see Trump tweeting something stupid like, sure, we can go lower.”
Both creators framed the current zone as a strategic accumulation window rather than a trade. Wulschner closed with a clear instruction.
“Profit is not done in the bull market. You set your goals, you set your foundation, you set your anchor positions in your portfolio in the bear market.”
BTC weekly chart with support box around the $60k level. Source: Tradingview
