Bitcoin Faces A 42% Crash Risk As History Raises Alarm

1h ago•

Cointribune

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The scene illustrates the bearish scenarios for Bitcoin, whose price could pull back towards 57,000 or even 50,000 dollars. At the center, a gigantic personified Bitcoin coin plunges down a steep cliff, sending debris flying in its fall. On the left, several panicked investors desperately try to hold onto the rocks, symbolizing the fear of financial losses. The descending red arrow accentuates the selling pressure. On the right, two signs displaying 57,000 and 50,000 indicate the targeted downside levels. The desert landscape reinforces the uncertainty. Overall, it dramatizes the risks of a correction, without presenting these levels as certainties.

Two analyses revive the prospect of a sharp drop in bitcoin. Jason Calacanis targets 57000 dollars, while a repetition of the 2018 electoral cycle would lead BTC below 50000 dollars. These forecasts seem to converge, but they rely on different mechanisms and therefore do not automatically reinforce each other.

L’article Bitcoin Faces A 42% Crash Risk As History Raises Alarm est apparu en premier sur Cointribune.

1h ago•

Cointribune

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