The analysis points to an initial break into the $50,000 territory for a start. However, that is not the end, as breaking below $50,000 remains on the table. This would suggest an adherence to previous bear market cycles, where the Bitcoin price has fallen more than 60%.
As for the timeframe for this analysis, the analyst shares a 3-6 months window for it to play out. “Save this post. Come back in 30-120 days,” the post read.
