Bitcoin In Red, Analyst Predicts A 40% Drop To $48,000 Before Recovery

Bitcoin is roughly 20% from all-time highs, and risks are trending lower, breaking from the current consolidation. After peaking in mid-March, bulls are yet to build enough momentum and overcome the roadblock at $72,000.
Will Bitcoin Fall To $50,000 Or Worse? Analyst Thinks So
While there were temporary gains in early June, the retracement in the last few trading days has seen BTC recoil, falling below $60,000 this week. Even though some traders are hopeful, one analyst took to X, saying holders