Bitcoin has lost almost half its value since October, and a set of indicators that have historically marked the end of past downturns suggest the selloff could be entering its final phase, according to a crypto fund manager who has invested through three prior boom-and-bust cycles.
Brett Munster at Blockforce Capital tracks four measures to gauge where Bitcoin stands in its crash cycle. One has already crossed into territory associated with past lows. Two others converge near $54,000 to $58,000 — still below Bitcoin’s current price of about $73,800. And the token briefly touched $60,000 in February before rebounding, meaning it has already grazed the upper edge of what Munster considers a probable bottoming zone.