Posted 4/4/2024, 11:45:55 AM
Bitcoin Faces Further Downside Risk But Remains Within Historical Norms
- Analyst issues warning that Bitcoin is in a "danger zone" and predicts more downside risk
- We're in the thick of volatility typical of pre-halving periods, anything can still happen
- Unlikely to see over 40% BTC pullback like in 2016; lowest projected bottom is around $57.5K
- Current 18% pullback from ATH is within historical norms
- Bitcoin currently trading around $66K, down 10% from all-time high of $73.8K
