I wondered if Bitcoin will ever again crash below 50.000$. What do you think? I think it is likely that we will see it go down to 70K but not below that point. 2025 will be the most important year, because governments around the world get involved.
I think it will be considered cheap in the future to buy Bitcoin below 100.000$. Any opinions on that?
It is possible for bitcoin to drop below $50,000 due to its price volatility and dwindling buy flows resulting in accelerating sell flows but it is very unlikely it is rather to hit a new all-time high in the next 6 months than to fall below $50,000.
Bitcoin could go down to such a low if there was a clear cause for it, because there is always a clear trigger for big increases and decreases because without that, of course the price drops and increases would not have a big impact and there would still be more potential for sideways or small corrections that could easily turn the price to a high number. And actually, when the government participates in buying Bitcoin, whether for state assets or for other things, it can at least help Bitcoin to stay at a higher price, even though the potential for a price drop can also be high when the government sells it simultaneously from all the assets they have.