If History Repeats, Bitcoin Price Could Crash 33% Again: Here’s Why

If History Repeats, Bitcoin Price Could Crash 33% Again: Here’s Why


The Bitcoin price is already down more than -22% since the mid-March high over $73,000. While BTC is currently stabilizing above $57,000 following the recent price crash, there could be even more downside ahead if history repeats, according to Jacob Canfield, a trading mentor at the Trading Mastery. Canfield’s latest analysis points to a potential further decline in the Bitcoin price, potentially reaching lows not seen since the beginning of the year.

Why Bitcoin Price Could Crash Another 33%

Canfield’s analysis on TradingView hinges on historical patterns observed in Bitcoin’s pricing trends. “Historically, Bitcoin loves to retest the yearly open levels,” Canfield notes. According to him, these retests can either confirm bearish or bullish trends but are a consistent feature in Bitcoin’s market behavior. Since

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