Bitcoin Can Crash To $40K In The Next 6 To 8 Months, Strategist Warns

Bitcoin could fall to as low as $40,000, Zacks Investment Research Chief Equity Strategist John Blank says. "A Bitcoin winter is 12 to 18 months long," Blank told CNBC on Feb. 2. "These are well-understood technical features. So, at $76,000 from $125,000, which was the peak, we can get to $40,000." Blank said the $40,000 target was based on a megaphone chart pattern formed by the highs and lows of previous cycles. Don't Miss: Blank said Bitcoin could reach the level "very quickly" or "over the next six ...