Cryptocurrency
from24/7 Wall St.
6 days agoWill Bitcoin (BTC) Crash to $50,000?
Bitcoin’s price structure suggests another major decline, with a potential 36% drop toward $50,000 if consolidation resolves like prior cycles.
The 2011 crash took Bitcoin down 93% to around $2. Four years later, the 2015 drop was 84%-but the BTC floor landed at $152, which was still 75 times higher than where the previous cycle bottomed. The 2018 crash stopped at $3,100, and 2022's selloff found support near $15,500. Speculators got wiped out every time, yet the floor kept rising as long-term holders accumulated at progressively higher prices.