Gate News Report: On March 15, Bloomberg published an analysis article stating that Bitcoin has approached a historically-level bear market bottom zone, with the range of $45,000 to $55,000 potentially being the final bottom. The article cited analysis from Brett Munster, crypto fund manager at Blockforce Capital, who stated that Bitcoin currently offers greater upside asymmetric opportunities than downside, and investors attempting to time the last few percentage points of the decline may miss the broader trend. The analysis points out that long-term technical indicators such as MVRV Z-Score, Realized Price, and the 200-week moving average have all shown that Bitcoin has currently reached a historically undervalued zone. The article also noted that with increasing market liquidity and improved market maturity, the maximum declines in historical bear markets show a gradual narrowing trend.
Gate News Report: On March 15, Bloomberg published an analysis article stating that Bitcoin has approached a historically-level bear market bottom zone, with the range of $45,000 to $55,000 potentially being the final bottom. The article cited analysis from Brett Munster, crypto fund manager at Blockforce Capital, who stated that Bitcoin currently offers greater upside asymmetric opportunities than downside, and investors attempting to time the last few percentage points of the decline may miss the broader trend. The analysis points out that long-term technical indicators such as MVRV Z-Score, Realized Price, and the 200-week moving average have all shown that Bitcoin has currently reached a historically undervalued zone. The article also noted that with increasing market liquidity and improved market maturity, the maximum declines in historical bear markets show a gradual narrowing trend.