Bitcoin at $40,000 would be 'near-unprecedented' statistical outcome, analyst says
CoinDesk·2h ago·Neutral
What Happened
Analyst James Check argues that Bitcoin falling to $40,000 would be statistically unprecedented, representing a 0.4th percentile event. Despite unidentified forecasters predicting such a 70% decline from all-time highs, Check's Bitcoin Mean Reversion Index analysis suggests the move is extraordinarily unlikely, comparing it historically to Bitcoin trading below $2 in 2011.
Key Entities
BitcoinJames CheckBitcoin Mean Reversion Index$40,000$78,000Bear Market