Wu said that Glassnode co-founder Rafael stated that Bitcoin has currently entered the bottom valuation range of the historical cycle. On-chain data models estimate that the most probable bottom area is between $46k and $54k (CVDD to realized price range); in case of extreme panic, a deeper defensive bottom line is in the $35k to $40k range. Since the retracement during each Bitcoin bear market is narrowing, the probability of a deep drop is relatively reduced. On the upside, the first key area the market needs to recover is between $75k and $79k. He emphasized that this is not a prediction, and the Bitcoin bottom cannot be precisely confirmed in advance.

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There'sABullMarketInTheGlass.
· 5h ago
That extreme defense line at 35k feels very hard to reach now. Institutions are much more willing to support the floor than they were in 2019.
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PublicBlockchainUnderTheAurora
· 6h ago
The pattern of each round of retracement narrowing is quite interesting, with volatility systematically decreasing.
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MultisigOnRocks
· 6h ago
The resistance zone between 75,000 and 79k has indeed been tested for a long time; breaking through requires some narrative catalyst.
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ColdLightNftCabinet
· 6h ago
The last disclaimer is very straightforward; everything at the bottom is confirmed afterward, and no one can make a decision in advance.
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