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>>Are Bitcoin Prices About to Hit Their Low? Main Metrics Indicate a Turnaround – Bloomberg

Are Bitcoin Prices About to Hit Their Low? Main Metrics Indicate a Turnaround – Bloomberg

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1 day ago

Bitcoin Price Pressure

Bitcoin is hovering around $71,000, still below the $74,000 resistance that has blocked a clear breakout. Recent market data show a slowing sell‑off, prompting analysts to look for a possible bottom. Bloomberg cites several technical signals that historically appear at the end of downtrends. The consensus is that most of the decline may already be priced in.

Turning‑Point Indicators

Blockforce Capital’s Brett Munster notes the MVRV Z‑Score has slipped to about 0.38, below the 0.4 threshold that signals undervaluation. The realized price sits near $54,000 while the 200‑week moving average is around $58,000, both acting as support levels. Other metrics point to price ranges between $54,000 and $58,000, lower than the current $65‑73k band. These factors together suggest a recovery could emerge by mid‑year.

Accumulation Zone Outlook

Combining the indicators, Munster identifies a “high‑probability accumulation zone” roughly $45,000‑$60,000. A bottom in the $45‑55k range would improve Bitcoin’s risk‑reward profile. While exact lows remain uncertain, the current data imply a more favorable upside potential.