Buyers are attempting to push and maintain Bitcoin above the $66,500 level, but are facing stiff resistance from the bears. Although recovery attempts are being sold into, the BTC supply in profit and loss metric suggests that BTC may be close to a bottom. CryptoQuant analyst "Darkfost" said that there are currently about 8.2 million BTC in loss, compared to roughly 10.6 million BTC during the previous bear market. That suggests the market is at a comparable level of undervaluation seen during the previous bear phase. However, not everyone believes that a bottom is in. Chartered Market Technician Aksel Kibar said ... (full story)