Bloomberg Opinion: Bitcoin Nearing Historic Bottom Area, $45,000 to $55,000 Range Could Be Final Bottom
BlockBeats News, March 15th, Bloomberg published an analysis article yesterday stating that Bitcoin has approached the historical bear market bottom range, with the $45,000 to $55,000 range possibly being the ultimate bottom. The article referenced analysis from Brett Munster, crypto fund manager at Blockforce Capital, who mentioned that Bitcoin currently offers a greater upside asymmetrical opportunity than downside, implying that investors attempting to "precisely time the final percentage points of the decline" may miss out on a broader trend.
The analysis pointed out that long-term indicators such as MVRV Z-Score, Realized Price, and the 200-week moving average have all indicated that Bitcoin has already reached a historically undervalued range. The article also noted that as liquidity and market maturity increase, the historical bear market's maximum drawdown has shown a shrinking trend.
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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