An experienced market analyst has sounded a note of warning that Bitcoin could soon drop to as low as $59,000 as the crypto reaches its cycle peak.
The reduced selling pressure earlier witnessed, brought a measure of relief, as Bitcoin surged by 4.8% on the day to about $55,000.
Bitcoin at one point lost about $13,000 in value after dropping from its all-time high of $58,330.57 to $45,290.59 within the span of two days.
