The Worst Case Scenario For Bitcoin If It Takes A Nose Dive And The Projected Timeline

The crypto market has been bullish for quite a while now as the primary crypto currency bitcoin, and there are projections on what will possibly the worst scenario that can happen to the king crypto.

For instance if bitcoin back test and take a nose dive of about 46% which will put the digital asset at the selling price of $12k which is set to happen in august.

source

The crypto analyst who goes by the name Cowen says that if it were August of 2023, like right around here [at $12,000], and it [currently] rallies on up [to $26,000] and then sort of sits up here for a while, and then comes back down and then that ends up being the bottom [at $12,000], it would also actually correspond to hitting this trendline again, the low [in May 2022], the lower low [in November 2022], and then maybe one last low again [in August 2023], if November is not the bottom. This is of course assuming November is not the bottom, which admittedly, again, it could be. So the worst-case scenario is something like that.

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