Bitcoin is expected to remain above $40,000 in the long term, according to an analysis. Economists and traders believe that there is a 50% chance that Bitcoin will not reach $60,000 again. However, the floor price of Bitcoin is confirmed by several technical indicators, such as the 200-week moving average.
The CVDD (cumulative value coin days destroyed) indicator is also used to determine the floor price. Long-term analysis suggests that Bitcoin’s price may remain permanently above $40,000 and $60,000, but market-moving factors such as political events and changes in market structures will continue to be decisive.
