Bitcoin Price Could Plummet to $48K in Worst-Case Scenario

Bitcoin's price could potentially drop to $48,000 in a worst-case scenario, according to predictions from Bitwise and Galaxy analysts. The analysts have identified support levels at $61,000, $56,000, and $48,000.

Galaxy projects a potential bottom between $40,000 and $46,000 by Q4 2026, while the performance of altcoins depends on the passage of the CLARITY Act. The Act could alter capital flows between Bitcoin and altcoins.

Strive CEO Matt Cole characterized Bitcoin's recent decline as a mild bear market during a podcast appearance on June 10. He pointed to robust fundamentals and the introduction of BTC-backed digital credit products as factors that could mitigate future downturns. Cole projected a price recovery above $80,000, potentially reaching six figures later this year.