Glassnode Co-Founder: Bitcoin's Higher-Probability Bottom Zone Lies Between $46K and $54K Glassnode co-founder Rafael said Bitcoin has ente…
Glassnode Co-Founder: Bitcoin's Higher-Probability Bottom Zone Lies Between $46K and $54K
Glassnode co-founder Rafael said Bitcoin has entered a historical cycle valuation zone typically associated with market bottoms. Based on on-chain valuation models, the higher-probability bottom range lies between $46,000 and $54,000, spanning the CVDD and Realized Price levels. In an extreme capitulation scenario, a deeper support zone could sit between $35,000 and $40,000.
Rafael noted that Bitcoin drawdowns have become progressively shallower across market cycles, reducing the likelihood of a deeper decline. On the upside, the first key recovery zone sits between $75,000 and $79,000. He stressed that this is not a prediction, as Bitcoin bottoms cannot be identified with certainty in advance.