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Daniel Sempere Pico: Bitcoin unlikely to see $25,000 in current bear market

Daniel Sempere Pico: Bitcoin unlikely to see $25,000 in current bear market
Bitcoin unlikely to reach $25,000 low

Daniel Sempere Pico examines Bitcoin’s recent price trajectory, highlighting that while the cryptocurrency never reached $220,000, an 80% drawdown from a $126,000 level would imply a fall to $25,000.

He states that he does not foresee such a bearish scenario, though he considers $44,000 a possible target. Sempere Pico also observes a lack of major casualties from the ongoing bear market so far.

Sempere Pico has previously commented on crypto platform trends, analyzing how token subsidies from frontier labs are affecting adoption of model-agnostic systems. In a separate note, he highlighted SpaceX’s public valuation at $1.77 trillion, which was well above Wall Street’s estimate of $780 billion at the time of listing. His recent commentary extends his ongoing coverage of significant valuation shifts and technology sector developments.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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