Ian Harnett, co-founder of Absolute Strategy Research, said past crypto rallies show bitcoin tends to fall roughly 80% from all-time highs. Such a drop in 2022 would likely drag the world’s biggest token down to $13,000 — a “key support area,” according to Harnett. The crypto world is on edge as investors grapple with the impact of higher interest rates and liquidity issues at major industry players.