Bitcoin (BTC) could fall at least 75% from here. The chances of that happening are higher than they have been before. The parabolic run up that we saw since December, 2018 seems to have come to an end. Bitcoin (BTC) is known for declining in the same manner that it shoots up in. We do not have to go very far in history to see that. This happened just during the parabolic rally of December, 2017. The price declined and erased most of its gain and on top of that it took its time which means there is not going to be another bull market in a long time. Sure, we might see the price bottom around June or July of 2020 but we would still be a long way from the next bull run.
Jul 12, 2019