Swan Bitcoin Analyst Sam Callahan believes that, based on experience from previous bear markets, it’s possible that Bitcoin could drop more than 80% from its all-time high. That would mean Bitcoin falling as low as $13,800 this cycle.
Last month, Yuya Hasegawa, a cryptocurrency market analyst for Japanese crypto exchange Bitbank, told that Bitcoin could plunge to as low as $12,200 during this bear market.
[Via]
