Bitcoin Approaches Historical Bottoming Zone, Says Blockforce Capital Analyst

Bitcoin is nearing a historical bottoming zone, according to Brett Munster from Blockforce Capital. Munster highlighted that Bitcoin has declined by nearly 50% since October. According to NS3.AI, Munster's analysis is based on four indicators, which suggest a potential bottoming range of approximately $45,000 to $60,000. Among these indicators, the MVRV Z-Score, currently at about 0.38, is the only measure that has fully entered a territory associated with past market lows.