Quote from: Hazink on September 08, 2024, 11:15:36 AM

When bitcoin broke the ATH of 2022 this year and climbed to $73k before it started dropping down, some predicted that bitcoin couldn't drop below $50k again this year, which Bitcoin has proven them wrong.

The market is just unpredicted; if the price of bitcoin breaks to the $100k circle, the gravity of the event that will bring about the negativity in the market will determine how low it can go.

The only level I believe it will be hard for Bitcoin to drop to right now is below $10k. If not anything is possible in the market, we have seen the worst, and we should also prepare for the worst in times to come. What matters is that the price will bounce back in due time after whatever will cause the crash elapse.

There are more of bitcoin enthusiasts now comparing to 2018-2022. Definitely bitcoin price will drop after this circles ATH but if we get to make some figures, we would see that there are investors with more risk bearing and longer holders now that the past so even if there is going to be falls on bitcoin after ATH, the margin is not going to be as weak as the 2018-2022.
So If should make a guess, I will go on $60,000 which the value of bitcoin has been struggling to crossover in the few past months after the $73,000 current ATH. So I think that would e a base value for bitcoin drop after $100,000 +.