Is the Bitcoin bottom in? 👀

Glassnode co-founder Rafael notes that $BTC has entered a historical valuation zone typically associated with market bottoms.

Here are the key on-chain levels to watch:

🎯 High-probability bottom: $46K – $54K

⚠️ Extreme capitulation: $35K – $40K

🚀 Key recovery zone: $75K – $79K

While drawdowns are getting progressively shallower each cycle, he reminds us that market bottoms can never be predicted with 100% certainty.