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TechFlow, November 21 — André Dragosch, Bitwise's Head of Research for Europe, said the maximum pain point would likely be reached when touching IBIT's cost basis at $84,000 or MSTR's cost basis at $73,000.
He expects the ultimate bottom to most likely fall between these two levels. Dragosch noted that these levels would represent "capitulation prices," equivalent to a full cycle reset.
Bitwise Europe research head André Dragosch said the maximum pain point is expected to occur when reaching IBIT's cost basis of $84,000 or MSTR's cost basis of $73,000. He anticipates the ultimate bottom will likely fall somewhere between these two levels. Dragosch noted these levels would represent "capitulation prices," equivalent to a full cycle reset.
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