Bloomberg: BTC is Approaching Historical Bear Market Bottom Range, Potential Bottom Range is $45,000 to $55,000

Odaily News Bitcoin News posted on platform X, stating that after falling nearly 50% since October, multiple historical indicators suggest the BTC sell-off may be entering its final stage. The MVRV Z Score has dropped to around 0.38, a level that previously signaled undervaluation. Other key support levels include the realized price near $54,000 and the 200-week moving average near $58,000. Bloomberg points out that the potential bottom range is between $45,000 and $55,000, but a sustained recovery requires new demand support. Over the past month, spot BTC ETF inflows have exceeded $1.6 billion, driven by funds such as BlackRock's IBIT and VanEck's HODL.