If $BTC drops to around $50K, that would be about a 21% decline from current levels. In my view, that would actually be a pretty strong bear market bottom, since it would only represent roughly a 60% pullback from the all-time high. Historically, that's relatively shallow for a bear cycle.
If that happens, I'd expect $ETH to see a larger percentage drop than BTC, as it typically has higher volatility. A 30%+ correction could bring ETH closer to the $1,300 level, or even lower.
Right now, ETH is running into a key resistance zone, so I wouldn't rule out another leg down before the market finds a stronger base. #BTC #ETH
If that happens, I'd expect $ETH to see a larger percentage drop than BTC, as it typically has higher volatility. A 30%+ correction could bring ETH closer to the $1,300 level, or even lower.
Right now, ETH is running into a key resistance zone, so I wouldn't rule out another leg down before the market finds a stronger base. #BTC #ETH