Bitcoin may need to plunge 15% or more to mark bottom, according to this long-time indicator

A long-running indicator tied to the 200‑week moving average suggests Bitcoin may need to drop roughly 15% or more to mark a cycle bottom, putting the $50,000–$54,000 range as the next key battleground. Holding that zone would reinforce the 200‑week MA as long-term support; a break below it could trigger deeper capitulation and renewed selling pressure. Traders should monitor on‑chain metrics and the 200‑week MA for bottom-confirmation signals.