Bitcoin Analyst Flags $48K Zone as Potential Market Bottom

Crypto analyst Ali Martinez, citing data from CryptoQuant, highlighted a historical pattern on X in which Bitcoin market bottoms have aligned with the Cumulative Value Days Destroyed (CVDD) level, which has also marked the beginning of new bull cycles.

Building on that observation, he noted that the current CVDD reading is positioned around the $48,000 level.

Meanwhile, Bitcoin is trading at $66,623, recording a 1.4% gain over the past 24 hours.

Source: Ali Martinez