Bitcoin Price Could Drop to $40,000 in Next Six Months

Bitcoin's price has been on a downward trend in recent months, with some predicting that it could drop further. One strategist, John Blank, has predicted that bitcoin's price could fall to $40,000 in the next six to eight months.

This estimate is based on the trajectory of bitcoin's recent highs and lows, as well as historical data on crypto winters. A bear market can last anywhere from 12 to 18 months, with the average duration being around 15 months. If this trend continues, bitcoin's price could drop further.