In short: BlackRock reaccumulated $250 million in Bitcoin over 24 hours. But Simon and the ParadiseTeam say it is not enough to absorb current selling pressure. He still expects a lower move first. He watches for a secondary wave toward $79,000, then a deeper cycle bottom near $44,000.
Is BlackRock’s buying enough to confirm a Bitcoin bottom?
No. BlackRock reaccumulated about $250 million in Bitcoin in 24 hours, after two weeks of selling. Simon says that buying is real but not substantial. It does not absorb the selling pressure driving this market. He wants to see forced sellers capitulate before calling any macro bottom.
The ParadiseTeam tracks net unrealized profit and loss on this drop. Simon wants that metric below zero. He also splits trading volume into spot versus derivative. Only spot matters to him here. Smart money moves billions without leverage, so derivative positioning is noise.
What levels lead to the $79,000 target?
Simon sees Bitcoin building the C-wave of an ending diagonal from $121,000. He expects a secondary wave up toward $79,000 as a high probability. First, price may dip to strong support near $60,000, defended by Fibonacci levels and heavy VPVR volume. Below $59,000 gets hard for bears.
Simon flags $60,000 as strong support. It lines up with the 618 and 786 Fibonacci retracement levels. It also held as support in early June and capped price as resistance before. A confirmed end to the secondary wave near there could offer a strong risk-reward long setup.
For now, Simon leans bearish on the lower timeframe. Price broke below $64,000 on rising volume. It is retesting that level on declining volume. He reads that as $64,000 flipping into resistance. His highest-probability path points down toward $61,000 and $60,000 next.
Where is the exchange of hands zone and Simon’s plan?
Simon expects a deeper cycle low in an ‘exchange of hands’ zone. He puts it near $55,000 to $44,000 for 2026 to 2027. In 2022 that zone sat around $24,000 to $16,000. There, weak holders sell losses and smart money absorbs. Simon plans to reaccumulate aggressively.
This zone would push price below Bitcoin’s mining electricity cost. Weak miners with thin reserves get forced to sell. Simon distributed to Paradise VIPs near $19,000 and again near $121,000. He plans to reaccumulate here, but only against his checklist. He acts on confirmations, not on the plan alone.
What is Simon’s downside target and upside after the bottom?
Simon plans to call the bottom near $44,000, then targets $169,000. That move could average roughly 300% for a position trade. He ties the timing to a calmer macro backdrop. As uncertainty fades, he expects money to flow back into risk assets like crypto.
Simon frames this as the final phase of the crypto bear market. He compares current caution to stocking reserves during uncertainty. Tariffs and war keep many investors risk off right now. He shares the full setups with Paradise VIPs. Follow along in the Bitcoin analysis videos for updates.
Frequently asked questions
Did BlackRock buying mean the Bitcoin bottom is in?
No. BlackRock reaccumulated about $250 million in Bitcoin over 24 hours after two weeks of selling. Simon calls that real but not substantial. It does not absorb the current selling pressure. He wants forced sellers capitulating and spot demand absorbing losses before he confirms any macro bottom for Bitcoin.
What is the $79,000 Bitcoin target based on?
Simon reads Bitcoin as building a C-wave inside an ending diagonal from $121,000. He sees the first zigzag done and a secondary wave forming. That secondary wave has a high probability of reaching $79,000. Before that, he expects a dip to strong support near $60,000, backed by Fibonacci and VPVR volume.
Where is the exchange of hands zone for this cycle?
Simon expects the deeper cycle low in an exchange of hands zone. He places it near $55,000 to $44,000 for 2026 to 2027. In 2022 that zone was around $24,000 to $16,000. Price would fall below mining electricity cost there. Weak holders sell and smart money absorbs the supply.
What is Simon’s upside target after the bottom?
Simon plans to call the Bitcoin bottom near $44,000. From there his next target is $169,000. He describes that as a position trade averaging roughly 300%. He ties the move to a calmer macro backdrop. As uncertainty fades, he expects money to flow back into risk assets like crypto.
MyCryptoParadise has run a professional crypto signals and trading-education service since 2016, led by founder Simon Mach and the ParadiseTeam. Simon records these sessions three times a week, and every episode lands on the Bitcoin video analysis hub.
Educational content, not financial advice. Crypto trading carries substantial risk; you can lose your capital. Past performance does not guarantee future results.
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