Is Bitcoin at the bottom? Many crypto investors are wondering if the recent price spike is a dead cat bounce or the start of a true bull run. Amidst increasing criticism and investor uncertainty, finding signs the market has bottomed is crucial. Some argue the worst is behind us, but bitcoin not at bottom might be the more likely scenario, according to some analysts.

Crypto analyst Altcoin Sherpa recently suggested that the Bitcoin bottom isn't yet in and that the flagship crypto could still drop to new lows. This sentiment echoes concerns that a significant correction is still possible. Midway through January, the debate rages: Is the BTC bottom in soon, if not already past? The answer is far from clear.

In a new post on X, CryptoQuant Head of Research Julio Moreno has talked about why Bitcoin may not have reached a bottom yet. “All valuation metrics are in correction…”, he stated, hinting that further downward pressure is expected. While some believe Bitcoin is undervalued, Moreno's analysis suggests otherwise.

While some remain optimistic, the possibility that bitcoin not at bottom remains a significant consideration. Altcoin Sherpa, among others, predicts potential further declines. Investors should proceed with caution, carefully evaluating the risks before committing to any significant positions. The search for definitive signs of a Bitcoin bottom continues.