Bitcoin Near Historic Low: Could We See a Repeat of Past Performance?

Crypto analytics firm Alphractal has issued a concerning warning about Bitcoin’s long-term price trajectory, stating that the asset is poised to breach a historical pattern for the first time. Based on their ‘Bitcoin Price Radar’, they predict a potential drop in price to levels not seen in four years, possibly approaching its previous record low of around $63,000. This would mark a significant shift from past performance.