Bloomberg: BTC is approaching the historical bear market bottom range, with a potential bottom range of $45,000 to $55,000

Bitcoin News posted on the X platform that after a nearly 50% drop since October, several historical indicators suggest that the BTC sell-off may be entering its final stage. The MVRV Z Score has dropped to about 0.38, a level that previously indicated undervaluation.

Other key support levels include the realized price around $54,000 and the 200-week moving average around $58,000. Bloomberg points out that the potential bottom range is between $45,000 and $55,000, but a sustained recovery requires new demand support. In the past month, inflows into spot BTC ETFs have exceeded $1.6 billion, driven by funds such as BlackRock's IBIT and VanEck's HODL.