BlockBeats News, February 14 — According to a report to clients this month, Ned Davis Research strategist stated that despite Bitcoin experiencing significant sell-offs over the past few months, it still faces further downside risk.
Ned Davis Research Chief Thematic Strategist Pat Tschosik and analyst Philippe Mouls pointed out that based on an analysis of past Bitcoin downturn cycles, if the current bear market evolves into a full-blown “crypto winter,” the decline from peak to trough could reach 70%-75%, meaning Bitcoin could drop as low as $31,000.
Bitcoin has already fallen 44% from its peak in October last year. If it drops to the $31,000 level, it would mean a further 55% decline from current levels.
Tschosik and Mouls added that data shows that since 2011, the average decline during Bitcoin bear markets has been 84%, lasting an average of 225 days. Since Bitcoin peaked in early October last year, only 129 days have passed so far.
However, the two analysts also pointed out that a “winter” is not necessarily inevitable. Compared to the past, Bitcoin currently has more institutional buyers, which could bring greater stability to prices. “Historical data shows that the declines during winters or major bear markets tend to slow slightly over time. We believe this trend will continue,” they said when discussing price forecasts.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Crypto Social Buzz: Bitcoin, Ethereum, and Emerging Coins Lead Discussion
Bitcoin hits 20M mined coins, fueling debates on supply, institutional buys, and market control.
Zcash seed round and privacy tech drive social buzz, while Tether gains attention via USAT launch.
Ethereum staking, Dogecoin rumors, and TRON AI partnerships dominate crypto social
CryptoFrontNews1h ago
Arthur Hayes Bold Bitcoin Statement As Gold and Nasdaq-100 Slip
Since the Middle East conflict began on February 28, longtime crypto observer Arthur Hayes noted on social media that Bitcoin has quietly outperformed traditional safe havens and major tech benchmarks. Hayes pointed to a roughly 7 percent gain in Bitcoin since the strikes began, compared with a 2 pe
BlockChainReporter1h ago
