Ned Davis Research

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Bitcoin could drop to $31,000 in a potential crypto winter

Analysts at Ned Davis Research predict that bitcoin might fall as low as $31,000 if the current bear market turns into a full crypto winter, based on historical patterns. The cryptocurrency has already declined 44% from its October peak and was trading around $69,180 on Friday. While past winters have seen average drops of 84%, experts note that increasing institutional involvement could moderate future declines.

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