Bitwise analyst: Bitcoin may form its "final bottom" in the $73,000 to $84,000 range
BlockBeats News, on November 21, André Dragosch, Head of Research for Europe at Bitwise, stated that the "max pain" zone for bitcoin may be around $84,000, which is the average holding cost for IBIT, or around $73,000, which is MicroStrategy's cost.
Once either of these levels is reached, the market may see a final bottom. He noted that these prices would be similar to "liquidation prices," potentially signaling a complete reset for this cycle.
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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