Bitcoin analysis says that just like previous bear markets, BTC will "likely bottom below" its realized price, currently near $53,000.

Bitcoin is trading below key technical and onchain valuation levels, with historical bear market patterns suggesting a potential bottom closer to $45,000.

Richard Smith believes Bitcoin has not yet reached its bear-market bottom and expects it to fall below $50,000 as tightening global liquidity and debt refinancing pressures weigh…