Bitcoin could crash to $48,000, if this historical pattern is triggered (opens original article in a new tab)

Bitcoin could drop to $48,215 if historical bear market patterns repeat, as the 61.8% retracement level from 2010's low to its recent peak suggests a potential crash from current prices near $64,000. The pattern has held in previous cycles but may be affected by today's more sophisticated market.

• Every bitcoin bear market has retraced more than 61.8% of the move from near zero in 2010 to bull market peaks
• Bitcoin's latest peak above $126,000 creates a 61.8% retracement level at $48,215
• The pattern suggests prices could crash to at least $48,000 if historical trends repeat
• Historical patterns are not guarantees due to market changes like ETFs and institutional involvement