Could we see $39,000 for Bitcoin? 🤔

According to CryptoQuant data, the true bottom of a bear market is often close to the current price, which is around $55,000.

In the past, Bitcoin broke this level and fell below it by 24% to 30%. If the same scenario repeats itself this time, the potential target could be around $39,000.

But of course, this is just an analysis based on historical data, and nothing is guaranteed in the market. 👀