"Stunning Price Prediction for Bitcoin from Bitwise"

In recent days, Bitcoin investors have begun to closely monitor price movements amid sharp fluctuations in the markets. As the influence of institutional investors on the market continues to grow, Bitwise Europe's research director André Dragosch has made noteworthy predictions.

Dragosch stated that the potential strongest pressure points for Bitcoin (BTC) could be around $84,000 or $73,000. Pointing to the critical points of the current cycle, Dragosch emphasized that these price levels are important thresholds that investors should pay attention to.

According to Dragosch, $84,000 corresponds to the average cost level of BlackRock's spot Bitcoin Exchange-Traded Fund (ETF) named IBIT, while $73,000 aligns with the cost of MicroStrategy's Bitcoin positions. If the market approaches these levels, it is believed that a cyclical clearing movement could occur, potentially creating a dip area.

The cost levels of large investors play a significant role in determining the psychological thresholds of the market. The cost regions of giants like BlackRock and MicroStrategy are among the critical indicators that reveal investor risk appetite and where selling pressure might diminish, thus affecting market dynamics.

Dragosch mentioned that testing these two levels could help clear excess leverage and weak hands in the market, thereby paving the way for a healthier upward trajectory in the future. The Bitcoin price continues to experience sharp fluctuations throughout the day, and it is likely that these critical areas will come back to the forefront in the coming days.