Michael Terpin Predicts Bitcoin May Drop to $40K Before Recovery

In a recent analysis, Michael Terpin expressed concerns that Bitcoin could potentially fall back into the $40,000 range prior to experiencing a substantial recovery. This prediction stems from his observation of Bitcoin’s behavior following the halving event, which he believes mirrors historical trends.

Terpin posits that the post-halving surge typically follows a predictable path, and based on past market cycles, it is plausible that Bitcoin may still endure additional challenges before stabilizing. His insights serve as a reminder of the volatility that often accompanies cryptocurrency markets, prompting investors to remain cautious.