\'Big Short\' Investor Michael Burry Flags #Bitcoin Chart #Pattern Implying Drop to Low $50,000sScion Asset Management founder Michael Burry, the hedge fund manager who rose to fame predicting the 2008 housing crisis, shared a #Bitcoin chart on X comparing the current pullback to the 2021,22 crash, implying that $BTC could fall to the low $50,000s before finding a durable bottom. In a post early Thursday, Burry highlighted similarities between BTC’s drop from its October high of $126,000 to around $70,000 and the late-2021 to mid-2022 plunge, in which #Bitcoin fell from approximately $35,000 to below $20,000. When mapped onto today’s price levels, the prior cycle’s trajectory implies risk toward the low $50,000s. Burry did not [.]#crypto