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Author Topic: Waiting for the new headline: #Bitcoin "CRASHES" from $101,000 to $85,000.  (Read 839 times)
hero_the_bossman
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December 27, 2024, 10:12:11 AM
 #81

Bitcoin is currently experiencing a price drop, so if this will continue even more, we will surely hit $85k again. And I think there's nothing wrong with that as it even marks a new opportunity for beginner investors.

However, I just don't see that bitcoin will be dropping this low again. There are more positive news in the market that will influence bitcoin, one of it is the bitcoin strategic reserve made possible by Trump.
I almost didn't notice the drop until I saw this thread here. We are like this last time by the time we crossed $100k but I think we didn't fell on the $80k range, so as you said maybe we won't end up on that hole again. CZ still did a good job there on predicting $100k. It was 4 years ago and I think people are not whining about $100k yet. In fact, the major bull run did only occur on 2021. A drop in the price is for all. In fact a beginner can also rush and buy at highs.

I think what CZ is implying is that people are getting scared about the dump. He is saying that we should not be scared with it because we will always witness that BTC can achieve such a high price later down the road.

The correction is imminent - that's what we have to remember.
And we didn't hit the biggest push for new ATHes yet.
2025 is the year to see CZ prediction being crushed by bigger numbers.
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December 27, 2024, 05:01:44 PM
 #82

I can't say anything about this prediction of price going back to 85k but I can say that price of Bitcoin is unpredictable. Bitcoin has the potential to touch 150k from here or go back to 70k, we don't know. Bitcoin has price history and it clearly tells that price of Bitcoin can go in any direction, there is no use of following the predictions. Having said that to me if price goes down from here it will provide a good opportunity to accumulate more Bitcoins at discounted price. Whatever price will be, we must have a strategy that is able to cater price swings in both directions. 

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Fiatless
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December 27, 2024, 05:29:49 PM
 #83

If that is really happen, that will be a big surprise to many people because after reach $108k, the price slowly to go down and crashes to $85k. We maybe not imagine if that can happen but we also know that Bitcoin price can go to anywhere.

I wonder when Bitcoin price will reaches $1 million. That will be the best time for us to sell at that price with many Bitcoin Grin
Nobody knows the direction of Bitcoin since the global economic and political space cannot be predicted. A single policy can move the price up or down. If the price goes down to $85k this year which I see as a correction, it might go above its current  ATH before the end of next year. Nothing is certain, all we can do is just to predict. I hope it will be in my lifetime that the price will hit 1 million, only strong hands will benefit massively from it.

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December 27, 2024, 08:57:23 PM
 #84

Looks bullish to be honest.

Imagine having a dip of 85k where other countries and big companies trying to hop in the trend of cryptocurrency. You know it's kinda productive for bitcoin to gather this much volume and you know that it's possible that we can reach more milestone after hitting the 100k mark because the more holders we have globally, it can become a major trading asset, imagine those things and we can say that we're currently early at this point.

Hmm, the 108k hit is done. Now, what I'm looking for is 111.11k. It's a fancy number until or unless Bitcoin hits that or crosses that. I'm not going to take a relaxing breath, haha. In this cycle, for the next we can predict anytime soon for peak. I'm expecting a range of 150k to 180k by the end of 2025.

Now coming to the wider global adoption, honestly, giants are trying to jump into and make crazy accumulations, a demand and supply crisis is gonna start sooner as exchanges are already facing the depletion of liquid Bitcons supply on platforms. Still, there's a lot more to experience and hope for 1M in 5 to 7 years.

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