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.
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