Bitcoin Price Drops 50%, Analysts Predict Crash as Bull Run Comes to End

Bitcoin’s price has experienced a significant downturn, falling below $103,500 on Friday and prompting concerns about the future of the cryptocurrency. Technical analysis suggests that the current correction could lead to a 50% drop to around $52,200 if key support levels fail. This decline comes after two weeks of failed attempts to hold prices above $110,000, resulting in a notable sell-off and liquidations of leveraged long positions.