Bitcoin (CRYPTO:BTC) has maintained stability below the critical $60,000 mark, providing optimism to bullish investors despite ongoing seller dominance.

An analyst highlighted on X that Bitcoin historically resumes an uptrend approximately 80 days after its Halving events, suggesting now may be an opportune time to buy.

Since the April Halving, Bitcoin's price correction persisted through May and June, with recent weeks seeing potential signs of re-accumulation by bulls.

Data indicates that weak miners, who typically exit the market post-Halving, may have completed their selling phase, potentially paving the way for a new bullish cycle.

Despite high bearish sentiment among traders, aggressive investors are considering contrarian strategies, anticipating potential gains amid market volatility.