Bitwise's Dragosch sees up to 20% more bitcoin downside, with the long-term holder cost basis at $48,000 the "max pain" scenario.

Bitwise's Dragosch sees up to 20% more bitcoin downside, with the long-term holder cost basis at $48,000 the "max pain" scenario.

Bitwise Head of Research Europe André Dragosch said Friday that Bitcoin (CRYPTO: BTC) faces up to 20% further downside from current levels, with the l