Bitcoin Bottom Prediction: Top Analyst Says It’s Close—What Price Comes Next?
Summary
Bitcoin rebounded above $63,000 after last Friday’s drop to about $59,000, prompting debate over whether the sell-off marked a bottom. A market analyst argues the decline may have helped form a macro accumulation cycle by flushing out excessive leverage and speculative positioning. Long-term holders reportedly sold more than $3.25 billion in spot BTC during the drop, and over 54,000 BTC moved onto exchanges, adding selling pressure. The key signal, in this view, is that more than 10.46 million BTC are now held at a loss, a level that has often aligned with macro bottoms when supply-in-loss exceeds 10 million BTC. Using MVRV pricing bands, the next major accumulation zones are estimated near $53,900 and $43,150.
