Bitcoin at $40,000 would be 'near-unprecedented' statistical outcome, analyst says
CoinDesk
Analyst James Check argues that a Bitcoin drop to $40,000 would be a statistically extreme event comparable to historical lows from 2011.Summary
Analyst James Check suggests that a decline in Bitcoin to $40,000 would be a 'near-unprecedented' statistical event. Using his Bitcoin Mean Reversion Index, which aggregates technical and on-chain valuation metrics, Check explains that a $40,000 price point would fall in the 0.4th percentile of historical daily closes. He notes that while market moves are never impossible, such a drop would be historically comparable to Bitcoin trading below $2 in 2011, making it a highly unlikely outcome despite current bearish sentiment.
(Source：CoinDesk)