PANews February 5 News, crypto analyst PlanB posted on X platform that in his view, there are four potential downside scenarios for this Bitcoin bear market:
- A retracement of about 80% from the previous all-time high of approximately $126,000, corresponding to about $25,000;
- A decline to the 200-week moving average or realized price range, corresponding to about $50,000 to $60,000;
- A drop to slightly above the previous cycle’s all-time high level, around $70,000;
- The market may have already completed a phased bottom near $72,900 yesterday.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Strategy seeks another $44.1B to accelerate Bitcoin buying
Michael Saylor's Strategy plans to raise $44.1 billion via stock sales to fund Bitcoin purchases, capitalizing on new programs for incremental equity selling. Despite current unrealized losses, Strategy's recent buys have boosted its Bitcoin holdings significantly.
Cointelegraph18m ago
Yesterday, the US Bitcoin spot ETF experienced net inflows of $167 million, with BlackRock's IBIT contributing the majority of the inflows.
Gate News reported that on March 24, according to crypto analyst Trader T's monitoring, the U.S. Bitcoin spot ETF had a net inflow of $167.46 million yesterday (March 23). Among these, BlackRock's IBIT had a net inflow of $161.04 million, accounting for the majority of total inflows; Fidelity's FBTC had a net inflow of $41.7 million; ARK Invest's ARKB had a net outflow of $9.41 million; Grayscale
GateNews37m ago
CoinShares Files for First Bitcoin Volatility ETF – CBIX: Crypto's Version of the Fear Index
CoinShares has submitted an application to the U.S. SEC for a Bitcoin Volatility ETF (ticker: CBIX), a product that tracks Bitcoin price volatility, similar to the VIX fear index in traditional markets. CBIX would allow investors to profit from Bitcoin market volatility and expand CoinShares' product lineup in the United States.
動區BlockTempo39m ago
‘Bitcoin Standard’ author explores reality where decentralized gold stopped WWI
Author of _The Bitcoin Standard_, Saifedean Ammous, believes that fiat is the central problem plaguing society. "The 20th century is just an enormous amount of wealth being taken away from people who produced it and being sent to the meat grinder of war. And this is what fiat does," he told
Cointelegraph44m ago
