Bitcoin (BTC) Correction May Be Nearing Its End! Bitwise Analyst Reveals Two Possible Levels Where Bitcoin Could Bottom!
2025-11-21 21:45
Bitcoin's correction is deepening day by day. The price of BTC plummeted to $82,000 during the day. While we are wondering how far this decline can go and at what level it will stop, the latest prediction came from Bitwise Europe research head Andre Dragosch. Bitwise analyst Andre Dragosch noted that the likely biggest pain range for Bitcoin is the $84,000 to $73,000 range. At this point, Dragosch said that Bitcoin's biggest pain zone is found between two critical cost-based levels. The two critical cost basis levels, he said, are BlackRock's IBIT fund's average cost of $84,000 and MicroStrategy's cost floor of $73,000. Dragosch argued that the final cycle bottom is more likely to form somewhere between these levels, noting that reaching either level could signal a cycle clearing and potentially the final bottom. “Bitcoin could see an IBIT cost base of $84,000 or an MSTR cost base of $73,000...
