Bitwise Chief Investment Officer (CIO), Matt Hougan, has declared the bottom of the Bitcoin market is in and anticipates a significant price bounce will occur soon. He believes this rebound will lead to new all-time highs for Bitcoin (BTC) and potentially trigger altcoin season. While Bitcoin traded in the $103,000 range after hitting a 6-digit price point, Hougan’s statement suggests that the market is ready for a surge. This prediction is fueled by his observation of retail investor sentiment, which he believes has reached an all-time low. He notes that institutions continue to buy, indicating a potential shift towards a rebound. Hougan’s insight comes amid varying opinions about Bitcoin’s current trajectory. While some analysts anticipate a downturn, others believe the bear market narrative is premature and predict further gains followed by a new bull cycle driven by institutional interest. This prediction aligns with recent history as Bitcoin has historically seen major price corrections followed by significant rallies.