Bitcoin could crash to $48,000, if this historical pattern is triggered
A pattern stretching back to bitcoin’s earliest days has held through every market cycle. It has yet to be tested in the current one.
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Summary
- Every bitcoin bear market has retraced more than 61.8% of the move from near zero in early 2010 to the latest bull market peak.
- With bitcoin’s latest peak above $126,000, that 61.8% retracement now sits around $48,215, implying prices could fall sharply from current levels near $64,000 if the historical pattern holds.
