Bespoke Investment Group·2026-06-27·via All Articles on Seeking Alpha
Summary
Bitcoin is making new multiyear lows on Friday as prices break back below $60K to the lowest level since September 2024.
With Friday’s decline, the current drawdown in Bitcoin has exceeded 50%, a depth it hasn’t reached since late 2023.
One year after each of the prior three periods, Bitcoin was lower a year later than it was when the drawdown first reached 50%.
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It always comes back – eventually. Bitcoin is making new multiyear lows on Friday as prices break back below $60K to the lowest level since September 2024. Since the high last fall, prices have been in a steady
