Bloomberg indicators signal Bitcoin bottom, recovery likely by mid-year

Bitcoin stalls below $74k as on-chain signals flag late-stage selloff — Bloomberg

Bitcoin trades near $71,000. The $74,000 level caps a breakout so far (Bloomberg).

Blockforce Capital’s Brett Munster says indicators tied to past market bottoms suggest the sell-off is in its final phase. He sees a potential turnaround by mid-year, but no guaranteed floor (Bloomberg).

“ The majority of the drawdown appears to be behind us,” Munster said (Bloomberg).

- MVRV Z-Score sits near 0.38. Readings below 0.4 have signaled undervaluation in past cycles (Bloomberg).
- Realized price is ~$54,000. The 200-week moving average is ~$58,000, a long-term support marker (Bloomberg).
- Peak-to-trough drawdowns are shrinking. That maps a potential bottom at $45,000–$55,000 (Bloomberg).

Munster defines a “high-probability accumulation zone” at $45,000–$60,000. He sees a better risk-reward skew with more upside, while price ranged $65,000–$73,000 this month (Bloomberg).