Analyst Benjamin Cowen is detailing a potential worst case scenario for Bitcoin and the crypto markets at large.

If this bearish cryptocurrency market structure plays out, the total market cap of all cryptocurrencies would finally reach a bottom at around the $500 billion mark, which suggest a Bitcoin price bottom of about $10,000 per BTC.

“This is something to consider. It’s the worst case scenario. I have no idea if it’s going to play out or not, but it’s something that everyone I think should consider when navigating the cryptoverse."
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