Quote from: pakhitheboss on Today at 11:31:34 AM

Quote from: pawanjain on December 11, 2024, 04:53:12 PM

Regarding the price falling back to $60k, even I am positive about this.
Looking at bitcoin price history, I am quite certain that bitcoin will fall below $70k in the next bear market.

I remember 2018, when Bitcoin's price went to a low of $3K in January after creating a big new ATH in December 2017. The fall is always big just like the rise and after reaching this incredible price point of more than $100K it will fall big for sure. I am an optimist and that is why I do not think that the price will go below $80K as ETFs are still pumping the USD to purchase Bitcoin. I only hope that the price of Bitcoin reaches INR 1Cr before the price goes down as it will be a significant milestone achieved by Bitcoin in INR.

ETF point is surely valid. It's more like stable money inflow and peopel might not sell their ETFs in case of a bear market but we never know.
It's gonna be first time for all of us seeing how ETFs perform in a bear market.
Even in that case, I am still expecting a 50% price drop at least which means we might see price falling to $50k (just a speculation).
By the way, why are you stressing so much on 1 Cr INR ? Is it your take profits target ? Tongue