PlanB: There May Be Four Scenarios for the Bitcoin Bear Market, and $72,900 Could Be a Temporary Bottom
According to Odaily, crypto analyst PlanB stated on social media that he believes there are four possible scenarios for the current bitcoin bear market: First, a retracement of 80% from the historical high of $126,000, with the price dropping to around $25,000; second, a pullback to the 200-week moving average or the realized price range, approximately $50,000 to $60,000; third, a drop to just above the previous cycle's all-time high, around $70,000; and fourth, the $72,900 reached yesterday has already formed a local bottom.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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