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Bitcoin’s new ‘worst case scenario’ puts BTC bear market bottom near $6K

Published 11/26/2022, 07:25 AM
Updated 11/26/2022, 10:00 PM
Bitcoin’s new ‘worst case scenario’ puts BTC bear market bottom near $6K

Bitcoin (BTC) still risks a drop to below $7,000 in this bear market, the latest worst-case scenario prediction warns.

In its latest livestream broadcasted on Nov. 24, trading platform DecenTrader revealed targets for a BTC price bottom.

BTC/USD price drawdown from all-time highs chart. Source: Glassnode
Bitcoin bull market comparison chart (screenshot). Source: Decentrader

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Latest comments

Nothing more than a giant Ponzi scheme. No security other then what the next person is willing / gambling to pay for it. Plus all of the latest news shows the whole industry is still the wild west with rogue outfits. Do I see value in crypto currency / blockchain? Yes...but still wouldn't go near it as an investment (whole investment could be wiped out over night by one pen stroke)
Stock bashing is a felony.
 Emm cryptocurrencies are not a stock so emmmm
Sit still and hope that a hacker or hipsters like Elon or SBF don’t steals your money
Worst case, BTC slides back to 3k and jumps up above 100k. People don't listen to advice, well, this is a fact.
Why would it everrrrrrrrr jump to 100k?? Is this the same advice who said bitcoin was a sound investment and FTX was a good platform?? ;) Bitcoin is nothing more then a Ponzi scheme with no regulations / security or guarantor. It is worth only what the next smuck is willing to pay for it...plus all the recent news showcases how a lot of these 'advisers' and industry experts were nothing more than con men.....Almost every major bank and central bank is working on their own stable currencies which in time could well = bitcoin being worth 0...
Worst case is zero
Well no worst-case scenario is it drops to zero but you had bought it via hedging or bets and have to sell your house and end up homeless etc
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