According to GreeksLive, there is speculation on when bullish investors might consider Bitcoin ($BTC) a value buy. The tweet questions if the $50K price level could be the point where bulls step in, given that it represents a potential 2x increase to $100K.

According to IntoTheBlock, as Bitcoin's price fell to $50,000, the percentage of holders in profit dropped to 75%. This level was last seen in January when prices formed a local bottom around $39,000.