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Bitwise’s Dragosch sees up to 20% further downside for bitcoin, puts ‘max pain’ scenario at $48,000
Bitwise's Dragosch predicts up to 20% further downside for bitcoin, identifying $48,000 as the 'max pain' scenario based on long-term holder cost basis.
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Adjacent reporting
- 'Dr. Doom'-backed Atlas Capital CEO says bitcoin could crash 70% before reaching $500,000
- Veteran trader Peter Brandt sees bitcoin hitting $250,000, but only after a bottom later this year
- CryptoQuant sees bitcoin bottom near $53,600 while demand remains ‘deeply unfavorable’
- The inflation scenario that could send bitcoin tumbling below $60,000
- There's a social media groundswell predicting bitcoin above $90,000. That might be a problem.
- 'Crypto Godfather' says bitcoin has not reached its bottom and a new all-time high is off the table for 2026