CryptoQuant: Bitcoin's Ultimate Bear Market Bottom Could Be $55,000

Odaily News CryptoQuant stated in a report that Bitcoin's ultimate bear market bottom could be around $55,000. This price level represents the "realized price" for short-term holders (those holding for less than 155 days). The report notes that this realized price serves as a key support level during bull markets, and a break below it could signal a transition towards a bear market. Furthermore, Bitcoin is currently trading below key pricing models such as the 200-day simple moving average and the realized price of short-term holders. (TheBlock)