Bitcoin Plummeting to $40,000 Would Be a Highly Unlikely Statistical Anomaly, According to Analyst
Despite Bitcoin's recent surge of nearly 15% this month, reaching $78,772.68, some industry experts remain unconvinced that the cryptocurrency has escaped the bear market that began in October, given it still lingers 40% below its record high. Some forecasters predict a potential plummet to as low as $40,000, a staggering 70% decline from its all-time peak. Bitcoin analyst James Check deems such …