Determining the Dip in Bitcoin Cycles

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Bitcoin Profit-Loss Status

Currently, there are approximately 11.1 million BTC in profit, and 8.9 million BTC in loss for Bitcoin. Historically, periods when these two metrics converge have coincided with Bitcoin forming bottom levels.

Possible Bottom Levels

If a convergence occurs at current cost basis levels, it could indicate that the market price of Bitcoin may be around $60,000. This is similar to the bottom signals observed in 2015, 2019, 2020, and 2022.

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Bitcoin, dip levels, market price, financial analysis, cryptocurrency