Bloomberg: BTC is approaching the historical bear market bottom range, with a potential bottom between $45,000 and $55,000.
Odaily reported that Bitcoin News posted on the X platform, stating that after falling nearly 50% since October, several historical indicators suggest that BTC selling may be entering its final stage. The MVRV Z Score has dropped to about 0.38, a level that previously indicated undervaluation. Other key support levels include the realized price near $54,000 and the 200-week moving average near $58,000. Bloomberg pointed out that the potential bottom range is between $45,000 and $55,000, but sustained recovery requires new demand support. Over the past month, spot BTC ETF inflows exceeded $1.6 billions, driven by funds such as BlackRock's IBIT and VanEck's HODL.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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