Bitcoin Price Prediction Points to Deeper Crash

Bitcoin traders are bracing for more turbulence after a rough stretch that has wiped out a third of the asset's value since May.

Analyst King0ftheCharts argues that Bitcoin will fall well below the $50,000 level many traders expect.

The trader bases his prediction on the 2022 bear market, when the first leg down dropped 52 percent before a second leg fell 68 percent.

Applying this pattern to the current cycle, he estimates a possible bottom near $25,000 to $26,000.