Bitcoin Price May Revisit Yearly Pivot at $50,000: Expert Analysis

A leading commodity strategist at Bloomberg Intelligence has warned that Bitcoin’s price could potentially fall by as much as 45%, reaching its yearly pivot point near $50,000. This prediction comes despite a recent rally of around 9% in the past week to bring Bitcoin’s price close to $92,400. While November has seen a decline of roughly 15%, Bitcoin continues to struggle against this year-end trend unless bulls regain strong momentum soon. ]