The latest Bitcoin (BTC) price crash has brought renewed focus to alarming forecasts, including one from pseudonymous crypto market expert Symbiote. After exiting his BTC positions at $102,000, the analyst is now predicting a potential crash to $40,000 . His bearish outlook comes as the leading cryptocurrency continues to weaken, recently falling below $85,000.
A $40,000 Bitcoin Crash And A Massive Altcoin Season
After making headlines for selling his BTC at $102,000 in December 2024, Symbiote is now projecting a sharp market downturn, with Bitcoin potentially retracing to $40,000. Currently, the cryptocurrency is trading above $82,000, meaning a decline to this bearish level would eliminate more than 50% of its value.
Symbiote predicts that the next significant buy

Bitcoinist

Yuma Sun
Associated Press US News
Reuters US Business
Omak Okanogan County Chronicle
New York Post
Lansing State Journal
CBS News
The Daily Sentinel
The Daily Bonnet