$BTC 💵 Bitcoin risks falling to $70,000 within the next 10 days

This was stated by network economist Timothy Peterson.

📊 He presented a chart that allows comparison of bearish BTC markets and includes Peterson's metric Lowest Price Forward — a historically accurate tool for determining the long-term bottom price of BTC.

📦 According to the expert, if the price continues to move along the 75th percentile line of the bearish market range, then $70,000 will become the actual bottom.

He noted that the theory aligns with the current LPF data, which last month indicated a 95-percent probability that the BTC/USD pair would maintain the historical highs of 2021 as support.