Bitcoin could crash to $48,000, if this historical pattern is triggered

BTC

BTC/USDT

$65,739.99

+2.14%

$65,739.99

+2.14%

(24s)

24h Volume

$14,450,599,118.93

24h H/L

$65,995.00 / $63,678.83

Change: $2,316.17 (3.64%)

Long/Short

59.3%

Long: 59.3%Short: 40.8%

Funding Rate

+0.0006%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$65,699.74

▼ -0.07%

Volume (24h): -

Resistance Levels

Resistance 3$71,021.05

Resistance 2$68,191.60

Resistance 1$66,014.90

Price$65,699.74

Support 1$64,729.22

Support 2$61,834.89

Support 3$59,130.91

Pivot (PP):$65,682.91

Trend:Downtrend

RSI (14):41.5

CoinDesk Staff

(07:17 PM UTC)

1 min read

1428 views

Summary

Every bitcoin bear market has retraced more than 61.8% of the move from near zero in early 2010 to the latest bull market peak.
With bitcoin’s latest peak above $126,000, that 61.8% retracement now sits around $48,215, implying prices could fall sharply from current levels near $64,000 if the historical pattern holds.

Bitcoin BTC$63,78…