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What do you think about his prediction? I still think bitcoin is not going below $50000.
When bitcoin was at $7000 in the past, some people thought it will not fall below $5000, but after bitcoin increased to $8000, it later fall and there was a time it fall sharply below $3900. Some people can think this kind of scenario can happen again, but bitcoin is not volatile like those days.
With more than 2 months (I think) of us being in a bear market, I'm also thinking that Bitcoin will not go below $50,000 anymore. However, I'm still not changing my prediction with Bitcoin possibly reaching near $50,000 or at least touching that price.
We've seen in the past that predictions from these so-called analysts or just some random famous guy are sometimes overexaggerated. We saw overexaggerated predictions during the 2025 bull run saying that it will reach to even as high as $250,000 which obviously didn't happen. Same thing with this one, and this is the reason why I see these kinds of prediction as some kind of funny. I mean they'll just give a reasonable price prediction, cover it up with some reasons that might came from AI and that's it. The worst part is that there are some news articles that will publish it just so that they have something to post online.
Now with regards to what you said about the past, Bitcoin's market cap during that time is very low that's why it's easier for Bitcoin to be pumped and dumped. Now it's way, way harder already. Well, Bitcoin's volatility goes down the more the market cap goes up.