What’s The Worst That Can Ever Happen To Bitcoin And Cryptocurrency

In a worst case scenario where do you think Bitcoin and crypto will possibly bottom out? The current market situation says other wise as we go in deep into the bearish trend, in a strategic session with Jason Pizzino on YouTube as he tells he’s subscribers that it’s really possible for the total market capitalization to be down by 40%.

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In he’s words has he plans out where Bitcoin and the crypto market will possibly bottom out;

“So for the realistic zone probably somewhere around an 80% – 82% drop brings us down to about $550 billion, and if we’re looking anything in the middle, sure you can take your $600 or $700 billion. Currently, we’re down 74% to the [June] low of $762 billion.

So for a drop from where we currently are back to the low of [$762] billion, that’s about a 14% drop for the total cryptocurrency market cap. That can be quite significant. Maybe you’re going to see 10% off Bitcoin, 20% off ETH and throw another several percent on the rest of the market… That’s very realistic.

Somewhere to the bottom of that range ($550 billion) is about a 40% drop from where we currently are.”

This will have a negative impact on bitcoin has we might see the primary digital asset go down the price levels has witnessed in June/July of 2020.

“Would it even be possible for Bitcoin to drop 40%? From the current price to significant support levels at about $11,000 – $11,500, which is our bottom of the cycle buy zone, that’s your 40% drop… So it is within a realistic view.”

What’s the fate for other alternative digital assets would they follow the same fate has that of bitcoin coin.

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