Bitcoin (BTC) is hovering around the mid-$60,000s after peaking near $126,000 last October, leaving the market debating whether the worst of the drawdown is already behind it—or whether history still points to a deeper capitulation. While some investors argue the bottom is close, a review of prior cycles suggests an uncomfortable possibility: a move toward the low-$30,000s remains plausible if the familiar rhythm of post-peak declines repeats.
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