Bitcoin Plunging to $40,000 Would Be a Statistically Rare Event, Claims Analyst
Despite Bitcoin's recent 15% gain this month, with its price at $76,480.46, some experts remain unconvinced that the cryptocurrency has escaped the bear market that began in October, given it still lags 40% behind its record high. Some forecasters predict a potential drop to as low as $40,000, a staggering 70% decline from its all-time peak. James Check, a Bitcoin analyst, considers such a drasti…