End of the Bull Run? Analyst Warns Bitcoin Could Drop to $70,000

 End of the Bull Run? Analyst Warns Bitcoin Could Drop to $70,000


Bitcoin (BTC) investors may face a rough road ahead, according to a leading market strategist and Chief Investment Officer at Ledn. The analyst believes the bull run that began in early 2023 is likely over and predicts a prolonged bear market.


He forecasts that Bitcoin could tumble to around $70,000 — or lower — representing a 35% decline from its current level near $108,000, reports CoinDesk. “I believe the five-wave rally has ended, and we’re entering a bear phase that may last until late 2026,” he said, adding Bitcoin might briefly revisit highs near $124,000 before turning decisively bearish.

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