Bitcoin could crash by another 30% as four-year cycle gains strength, investment firm says
An investment firm has warned that Bitcoin could potentially decline by another 30% as it enters a critical phase of its four-year market cycle. The firm cites historical trends indicating that Bitcoin often experiences significant price corrections following its halving events. Analysts suggest that the current market conditions, including rising interest rates and macroeconomic uncertainties, could exacerbate this downturn. The firm emphasizes the importance of monitoring key support levels to gauge potential price movements in the coming months.
Read the full article: CoinDesk