Volatility is back for the Bitcoin price and the crypto market, but it currently favors the bears as value tumbles in the past few days. The nascent sector was moving sideways, but a liquidation cascade forced prices into critical support levels, but the worse might yet come if BTC fulfills a prophecy.
As of this writing, the Bitcoin price trades at $26,100 with sideways movement in the last 24 hours. Over the past week, the price of BTC corrected back to $26,000 after its lost support at the high of its current levels.
Is The Worst Yet To Come For The Bitcoin Price?
Bloomberg Intelligence’s Senior Commodity Analyst Mike McGlone shared an analysis on social media platform X. Therein, the analyst classified Bitcoin as one of the “best-performing assets in history,” the cryptocurrency rose from $100 to around $70,000 in less than ten years.
At the same time, McGlone pointed out the similarities between the Bitcoin price chart and the 1930s stock market chart. During this period, t
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