CryptoQuant says bitcoin’s ‘ultimate’ bear market bottom is around $55,000

According to the latest analysis from on-chain data provider CryptoQuant, Bitcoin’s ‘ultimate’ bear market bottom is currently estimated to be approximately $55,000. This assessment is based on a variety of on-chain indicators, including the realized price and trader’s on-chain profit margins. The report suggests that while Bitcoin may face short-term volatility, the $55,000 level represents a critical support zone where historical buying pressure typically intensifies. Analysts noted that this price point aligns with the current cost basis of several large-scale investor cohorts, making it a likely floor for the asset if bearish momentum continues. Furthermore, the data suggests that as long as the market maintains levels above this threshold, the long-term bullish structure remains intact, despite any temporary corrections.

Source: CryptoQuant says bitcoin’s ‘ultimate’ bear market bottom is around $55,000