Bitcoin’s new ‘worst case scenario’ puts BTC bear market bottom near $6K
Bitcoin capitulation action could send BTC price back to an area double the 2018 bear market bottom, says Decentrader’s Filbfilb. 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 . Analyst flags “oldschool, rock-hard support” for Bitc The most recent in a series of BTC/USD forecasts, Decentrader co-founder Filbfilb mapped out a potential sub-$10,000 dip on the cards for the pair. “In my worst case scenario, I think that would be probably where we end up, like oldschool, rock-hard support,” he said about a bidding zone around $6,500. This is where buyers would “probably start refilling their bags,” he added, noting that that level was approximately double the 2018 bear market and March 2020 COVID-19 crash lows. While “unlikely” under current circumstances, Filbfilb nonetheless argued that more sign...