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Bitcoin nears historical bottom zone between $46K-$54K after falling below median holder breakeven.

Market News
05 Jun 2026
Blockonomi
View Source
Neutral
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Bitcoin has dropped to nearly $62,000, about 50% below its all-time high, entering a valuation range historically linked to major market bottoms. Analyst Rafael highlights key support levels between $46,000 and $54,000, anchored by the CVDD model near $46,000, which has reliably marked cycle lows in the past. Bitcoin's drawdowns are becoming shallower, suggesting a higher floor than previous bear markets. While exact bottoms can't be predicted, this range is seen as a probable support zone, with recovery likely if Bitcoin surpasses $75,000 to $79,000.

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