Bitcoin is currently at $83,000, having been as low as $76,800 on Tuesday. Is the bottom in? Is now a good time to start buying? Or could there still be one more flush-out to come?

Bitcoin has been tossed and turned on the waves of economic uncertainty, and buffeted by the winds of an unpredictable geopolitical climate for quite some time now. Will this continue, with Bitcoin going down to the all-important $70,000 level, or is a huge rally about to take place that will take the king of the cryptocurrencies back to the all-time high?

Economic headwinds

On the economic front, the new U.S. administration has inherited the biggest debt pile the world has ever seen. $8 trillion of which matures in 2025 alone. 

President Trump’s tariff wars are causing havoc, both in the United …