The worst-case scenario for Bitcoin? $14K, according to this trader.
the"worst-case scenario," meanwhile, popular analyst Venturefounder began to put more faith in $14,000 — an 80% drawdown from current $69,000 all-time highs."The speed of the $20k capitulation surprised me a little, thought it would have taken longer to happen. But knowing the macro narrative , it makes sense.
Between current spot price and that target lay areas where whales had purchased significant amounts of BTC in the period immediately after the March 2020 COVID-19 market crash. As on-chain monitoring resource Whalemap noted, these potential"bubbles" of support lay at $19,000, $16,000 and $14,000, respectively.
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