Bitcoin, from its $70,000 level (at the time of recording), could experience another 50% retracement, dropping to approximately $37,000, based on historical bear market patterns where Bitcoin tends to crash at least 70% from its highs.
"If that were to be the case, from current highs of 126, that means that we can go for at least 70% right around $37,000 per Bitcoin. So, from current levels of $70,000 per Bitcoin, that means that we could experience possibly another 50% retracement. But again, that is the bare case."