$BTC may see more downside as Bitwise’s André Dragosch warns of a possible 20% drop from current levels.

His “max pain” scenario indicates the market could find a bottom near $48k. He identified key support zones around $61k and $56k, where traders are watching for signs of stability.

Dragosch said some market indicators are improving, but there is still no clear confirmation that the bottom has been reached.

Investors are now monitoring price levels, fund flows and demand trends to understand Bitcoin’s next move.

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