Pseudonymous economist Mikybull, known for flagging the November 2022 “bottom is in” zone near $15,000 before Bitcoin’s rally to above $30,000, is again leaning into a contrarian view. He also framed the mid-2024 dip toward $50,000 as a buying opportunity ahead of the move to new all-time highs. “$BTC macro bottom closer than a majority expected,” Mikybull wrote on Nov. 21. He noted that BTC's current price is “very close to [a] historical macro bottom,” with sentiment at “a historical low” and that dropping to “$60k–$50k isn’t technically possible.” His view comes as on-chain data shows realized losses spiking to ... (full story)