Bitcoin’s recent decline, trading around $66,590 after peaking at $126,223 in October, has been characterized as orderly rather than panicked, indicating further potential downside before a significant buying opportunity arises, according to strategist Brian Reynolds. He notes that although volatility has increased, it remains below the tumultuous levels experienced during 2022-23. With higher leverage in the market, there is a risk of forced selling if prices continue to drop, making a lower trading point below trend more attractive for buyers.
Strategist indicates Bitcoin selloff is orderly, hints at possible further declines
