What everyone is most concerned about right now can actually be summed up in one sentence:
$BTC How low can Bitcoin go?
André Dragosch, the European research director of Bitwise, provided a range:
84000 (IBIT cost) — 73000 (Strategy cost).
The true bottom for BTC is likely between these two cost lines.
Yesterday, BTC broke through short-term support, hitting a low of 80,000 USD, with bears hitting hard.
The most critical price level next:
73,000~74,000 USD.
This will be the position where buyers will defend with all their might.
If it doesn't hold, the next stop is a deep pit at 50,000.
