Bitwise Analyst: Bitcoin Could Be Forming ‘Ultimate Bottom’ in $73,000 to $84,000 Range


November 21st, Bitwise's European Head of Research André Dragosch stated that the "max pain" range for Bitcoin may be around $84,000 for IBIT's cost basis or around $73,000 for MicroStrategy's cost basis.Once either of these levels is reached, the market may see the ultimate bottom. He referred to these prices as potential "liquidation prices," which could signify a complete reset of the current cycle.