Analysts forecast that the upcoming bear market may see the price of Bitcoin dropping as low as $25,000, representing a 77% crash.
Bitcoin has been mirroring a repeating cycle of euphoric bull runs followed by severe bear market crashes, with each subsequent correction being slightly less severe than the last.
The severity of Bitcoin's decline in every bear market has decreased by 4% each cycle, suggesting a less drastic but still significant drop in the next bear market.
Despite the projected bear market correction, the analyst forecasts a market peak target of $160,000 for Bitcoin, marking a 74.1% increase in price during this bull cycle.