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Source: The Block Crypto
Bitwise Analyst Forecasts Up to 20% Further Bitcoin Downside
An analyst from Bitwise, identified as Dragosch, has projected a potential further decline for Bitcoin's price. Dragosch estimates that Bitcoin could experience an additional downside of up to 20%. The 'max pain' scenario is set at $48,000, a figure derived from the long-term holder cost basis.
By Fainaron·Jun 12, 2026 (10 hours ago)·1 views
An analyst at Bitwise, referred to as Dragosch, has indicated a potential continued downturn for Bitcoin's market value. Dragosch's analysis suggests that the cryptocurrency could face an additional decline of up to 20%.
The 'max pain' scenario for Bitcoin's price is projected at $48,000, according to Dragosch. This specific price point is attributed to the long-term holder cost basis.
(Source: The Block Crypto)
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Source attribution: This article was AI-curated and rewritten by Fainaron from a piece originally published by The Block Crypto. Read the original at The Block Crypto →
