Bitcoin at $40,000 would be 'near-unprecedented' statistical outcome, analyst says
Mean-reversion models suggest bearish targets imply a 0.4th percentile event, far beyond typical market corrections.
Given the bearish targets suggested by mean-reversion models, a significant price drop below $40,000 for Bitcoin is likely. This could trigger further selling pressure in the market.
Mean-reversion models suggest bearish targets imply a 0.4th percentile event, far beyond typical market corrections.
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