Bitwise analyst: Bitcoin may bottom out at the IBIT cost price or the MSTR cost price
Jinse Finance reported that André Dragosch, Head of Research for Europe at Bitwise, stated that he believes the maximum pain point will be reached when the IBIT cost basis hits $84,000 or the MSTR cost basis hits $73,000. He expects that the final bottom is likely to appear between these two price levels. Dragosch pointed out that these price levels will be "capitulation prices," equivalent to a complete cycle reset.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The probability of Bitcoin falling below $80,000 in November rises to 55%

Tom Lee still maintains that Bitcoin will reach $150,000 to $200,000 by the end of January next year.
FastX Network completes $3 million funding round
