PlanB proposes four bearish scenarios: in an extreme case, Bitcoin could retreat to $25,000

BTC7,02%

PANews February 5 News, crypto analyst PlanB posted on X platform that in his view, there are four potential downside scenarios for this Bitcoin bear market:

  1. A retracement of about 80% from the previous all-time high of approximately $126,000, corresponding to about $25,000;
  2. A decline to the 200-week moving average or realized price range, corresponding to about $50,000 to $60,000;
  3. A drop to slightly above the previous cycle’s all-time high level, around $70,000;
  4. The market may have already completed a phased bottom near $72,900 yesterday.
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