Scaramucci sees Bitcoin bear market as resilient

• Anthony Scaramucci says Bitcoin (CRYPTO:BTC) has fallen less than in previous bear markets.
• Bitcoin is down about 55%, compared with typical past declines of 75% to 80%.
• Scaramucci expects Bitcoin to move above $100,000 after the next halving.

Anthony Scaramucci said Bitcoin (CRYPTO:BTC) remains in a bear market but has shown greater resilience than before.

He said Bitcoin’s current decline of about 55% is smaller than previous bear-market falls of 75% to 80%.

Scaramucci said the market has also been affected by capital moving from crypto into artificial intelligence investments.

He also pointed to Bitcoin’s four-year cycle, with the next halving about 18 or 19 months away.

Scaramucci expects the next halving to reduce new Bitcoin supply and push the price above $100,000.

He said Bitcoin may continue moving sideways for some time before the next major price move.

At the time of reporting, Bitcoin price was $64,228.02.