Is Bitcoin Entering a Bear Cycle? If so, how low could BTC fall?
Bitcoin Heading For Bear Market? Experts Predict Bottom Could Be Unexpected!
Is Bitcoin entering a bear market? If so, how low could BTC fall? A cryptocurrency analyst has made a prediction that has investors buzzing.
Bitcoin Plunge Scenario – Where is the Bottom?
Analyst Timothy Peterson warns that Bitcoin could enter a bear market right now if there is a strong enough catalyst .
One of the biggest risk factors is that the US Federal Reserve (Fed) will not cut interest rates this year , as Chairman Jerome Powell recently hinted.
Based on historical data, Peterson compared BTC to the Nasdaq's bear cycle in 2022. If a similar pattern repeats, Bitcoin could fall 2-3% per month for about 9-14 months .
📌 Bitcoin Bottom Prediction:
🔻 If Bitcoin drops 33% as the model predicts, the price could fall to $57,000 .
🔻 However, due to market sentiment and bottom-fishing buying, the actual bottom could be higher, around $71,000 .
Is the Bear Market Coming Now?
Despite his bearish analysis, Peterson also believes that Bitcoin is not yet at a level that is too high for a major crash to occur . Currently:
There is still significant cash flow into fixed assets and cash.
Investor sentiment is extremely bearish , a sign that has been seen before Bitcoin's surge following the COVID-19 pandemic and the 2008 financial crisis.
So is Bitcoin in a bear market or just a correction before continuing to grow? Do you believe BTC will hold above $71,000?