BTC & $ETH — Just Some Napkin Math 🧮
$BTC is currently around $63.5K. If Bitcoin eventually finds a cycle low near $50K, that would represent roughly a 21% decline from current levels.
Honestly, a $50K bear-market bottom wouldn’t look too bad. It would mean around a 60% drawdown from the cycle highs — relatively strong performance compared with previous bear markets.
For $ETH, the downside could be larger because of its higher beta to Bitcoin. A 30%+ decline from current levels could bring ETH toward the $1,300 area or even lower.
$ETH #Bitcoin #Crypto #BTC
$BTC is currently around $63.5K. If Bitcoin eventually finds a cycle low near $50K, that would represent roughly a 21% decline from current levels.
Honestly, a $50K bear-market bottom wouldn’t look too bad. It would mean around a 60% drawdown from the cycle highs — relatively strong performance compared with previous bear markets.
For $ETH, the downside could be larger because of its higher beta to Bitcoin. A 30%+ decline from current levels could bring ETH toward the $1,300 area or even lower.
$ETH #Bitcoin #Crypto #BTC