Based on the pattern on the chart, it seems like Bitcoin is going to correct itself but to what extent, no one knows.
We can clearly see that BTC hasn't been able to cross its previous highs after each dip recently which indicates that there is a bearish momentum going on.
So can we expect a major correction or it's going to go up again and reach $80K before halving?
Let's discuss.
Regards
SK
From your topic or title to me I don't think Bitcoin is going to depreciate to $30k-$40k though one of its characteristics is rise and fall that is volatile in nature however I am not saying for sure that it can't depreciate to that amount but with what we are seeing most people has this believe that Bitcoin will soon appreciate to $80k or maybe $100k before this year run's out or early next year but that is more like an high expectation from Bitcoin. Morever, hitting $80k - $100k is not certain we are just predicting based on the surprised behavior it has shown for some months now which gave the thought that it will hit that amount.