$BTC is currently $64,200
BTCUSDT Perp ≈ 64,500 +0.5%
**$ETH is currently $1,880**
ETHUSDT Perp ≈ 1,915 +1.8%
If $BTC finds a cycle low at $50k that would be a ~22% drop from where it is today.
Imo, $50k would actually be quite bullishly high for a bear market bottom, because it would only be a ~60% drop from the highs. That would be great performance for a bear market.
$ETH, being beta to BTC, would likely drop more than BTC, so I'd assume it would drop 30% or greater. That would put it closer to $1,300 or lower.
ETH is still pushing into resistance, so lower prices still look probable.
Just some napkin math.
BTCUSDT Perp ≈ 64,500 +0.5%
**$ETH is currently $1,880**
ETHUSDT Perp ≈ 1,915 +1.8%
If $BTC finds a cycle low at $50k that would be a ~22% drop from where it is today.
Imo, $50k would actually be quite bullishly high for a bear market bottom, because it would only be a ~60% drop from the highs. That would be great performance for a bear market.
$ETH, being beta to BTC, would likely drop more than BTC, so I'd assume it would drop 30% or greater. That would put it closer to $1,300 or lower.
ETH is still pushing into resistance, so lower prices still look probable.
Just some napkin math.