Bitcoin could face a further decline of at least 15% before reaching its market bottom, according to a well-established indicator, CoinDesk reported. This suggests that the cryptocurrency's recent price movements may not yet signal a full recovery.
The indicator, which has tracked Bitcoin's cycles over time, points to the possibility that investors should brace for more downside risk in the near term. Such a correction would align with historical patterns observed during previous market troughs.
For Japanese investors active in crypto and FX markets, this potential drop highlights the importance of cautious positioning as Bitcoin remains vulnerable to volatility amid global economic uncertainties.