Bitcoin, as well as the entire cryptocurrency market that stubbornly follows it, is in the midst of a gruelling bear market, with four clear lower highs since the $14,000 top in June. The world's largest cryptocurrency is now 50% down from its tremendous peak six months ago, with several altcoins seeing price drops of more than 70%. The potentially devastating bear market, which was exemplified by the recent moving average death cross, could well see Bitcoin fall by a further 70%, with price targets emerging at $3,150 and $1,850. The previous two death crosses took place during the 2014 and 2018 bear markets, with Bitcoin proceeding to fall by more than 60% on both occasions. The only way Bitcoin canThe post Why Bitcoin's bear market will drive price to $3,000 appeared first on Coin Rivet.