Bitcoin Forecasts a Potential Crash: Analyst Sees 80% Losses

Bitcoin’s price remains relatively stable at $98,130 despite widespread losses in the crypto market. While XRP Coin experienced a 2% decline, despite today’s ETF launch, analyst Ali Martinez predicts a drastic downturn within the next three years. His bearish scenario sees Bitcoin plummeting to as low as $38,000 or $58,000 over the long term, with a potential for losses exceeding 80%. Martinez based his analysis on historical four-year cycles, suggesting that this decline might mark a major shift in the crypto market.