Bitcoin bulls attempted to start a recovery, but the bears sold at higher levels and pulled the price below $72,169. Galaxy Digital research lead Alex Thorn said in a note on Monday that BTC could plunge to its realized price of $56,000 over the coming weeks due to the lack of catalysts to reverse the trend. Not everyone is bearish on BTC as select analysts anticipate a bottom soon. Bitwise chief investment officer Matt Hougan said in an article on X that the crypto markets are likely to “come roaring back sooner rather than later.” However, according to one historical pattern, BTC’s recovery may take time. Crypto ... (full story)