Sorry everyone, Bitcoin is headed down to $43,500: Michael Terpin

[Shinpako09]

Sometimes I can't stop thinking if these kinds of people are still speculating, or they are just doing this for their own self interest. Imagine if people panic and the market reacts the way he says it, they are the ones that will benefit from it. And they will keep on releasing speculation to control the situation.

There have been a few times already when btc dropped below $60k but still didn't touch $55k. If $80k to $90k is tough to reach right now, then so is going below $50k. But who knows, we are still in a bear market, as long as the bull isn't back yet, well, his speculation still has a chance.

[STT]

I fail to see the certainty or exact reasoning.   He might be sure but its not something I can go on easily for much conviction.  The price action itself for BTC is uncertain and lacking conviction in either direction.   That is why I keep doubting the bearish calls, BTC is not that negative in its gradient especially; not right now.

  If we had a great trend a clear path either up or down it'd add confidence to someone trading the price even if they are shorting that'd be some certainty for those who are negative.  Instead we're going back and forth, in circles for this period of time and hence patience is really whats needed for the moment.

[Pi-network314159]

What do you think about his prediction? I still think bitcoin is not going below $50000.

In as much as Bitcoin is concerned, anything is possible. If Bitcoin previous ATH would hit $69k and fall to $15k which is roughly about %77 decline and we saw it hit another ATH at $126k and now the last bottom was $57k or so, it implies that the percentage dip is almost thesame as the previous bottom. So it is possible to see below $50k. But our hope is that it doesn't get bad as that, because if it's happens it will take much longer to recover because there is no factor like news or rumors that will increase adoption like that of Donald trump in the last election that help Bitcoin hit the last ATH.

[jcojci]

I can say ayeee, I am ready wherever the price go. Many people hopes Bitcoin will not lower than $60k but they should be ready if the price really down below. We don't know for sure with if we are ready, we will not panic but we will see the opportunity to buy at low. I don't pay much attention to that prediction especially from influencers but it is better we analyze what we can so we can find our time to buy.

If you don't want to worry, you don't have to check the price daily and only focus with your accumulation and let the price moves to anywhere while you are prepare for the next.

[CryptoBuds]

What do you think about his prediction? I still think bitcoin is not going below $50000.

In as much as Bitcoin is concerned, anything is possible. If Bitcoin previous ATH would hit $69k and fall to $15k which is roughly about %77 decline and we saw it hit another ATH at $126k and now the last bottom was $57k or so, it implies that the percentage dip is almost thesame as the previous bottom. So it is possible to see below $50k. But our hope is that it doesn't get bad as that, because if it's happens it will take much longer to recover because there is no factor like news or rumors that will increase adoption like that of Donald trump in the last election that help Bitcoin hit the last ATH.

I also think Bitcoin will not fall below $50k. However, if it does happen, I don't think it would be anything to be scared of or considered a disaster. That could even be a bigger opportunity, because if we are willing to buy at that price, we could have a chance to make even bigger profit when the market turns bullish again.

Bitcoin has gone through much deeper crashes in the past, yet it has always recovered and reached new ATH. So I don't see any reason to think this time will be different. I do not know how long it would take Bitcoin to recover if it dropped below $50k, but I believe it will eventually reach new ATH, with or without Trump.

[OgNasty]

The MSCI rule change proposal that caused the 10/10 sell off and killed the bull market is being brought back on the table as a way to keep Bitcoin treasury companies out of indexes. This will be bad for Strategy and has the potential to cause a selloff that could mark the cycle bottom. Stay tuned.

[ultrloa]

The MSCI rule change proposal that caused the 10/10 sell off and killed the bull market is being brought back on the table as a way to keep Bitcoin treasury companies out of indexes. This will be bad for Strategy and has the potential to cause a selloff that could mark the cycle bottom. Stay tuned.

The MSCI proposal could shake things up and this is something worth to watch, but I also think that this will not became a market killer. but this one will not do quick changes on the index rules. So even if  there's an attempt to exclude those Bitcoin treasuries companies, that situation cannot affect the index flow.

If that condition will trigger those massive selloff, most likely this will just mark the bottom rather than do a trend reversal.

Strategy might be the reason of possible selloff, but for sure this is just temporary. People easily forget any fuds coming. We need to look at the broader situation of cycle of Bitcoin, since this is usually been driven by macro economics, adoption of many people in different parts of the world also huge liquidity and by a single company.

Everything looks interesting and well lets stay tuned on the next action, but for sure there's nothing to get afraid on the situation happening. Better for people not to get panic reading this news.

[fullfitlarry]

The MSCI rule change proposal that caused the 10/10 sell off and killed the bull market is being brought back on the table as a way to keep Bitcoin treasury companies out of indexes. This will be bad for Strategy and has the potential to cause a selloff that could mark the cycle bottom. Stay tuned.

I have to check what MSCI rule is, and yeah, this is going to affect companies like Strategy, Metaplanet and Yellow Cake as they will be forced to sell off their Bitcoin holdings as they need to follow the 50% rule of it's assets going into operation.

So it's going to be bad for them and for the market itself if there is going to be a huge sell-off. Its says that the final decision will be announce in October of this year. So again, this could be the black swan event that could trigger the market to bottom.