Quote from: retreat on Today at 06:22:35 AM

We don't know for sure the direction of Bitcoin's price movement in the future, but all of these scenarios could happen. However, I see that for Bitcoin to drop past $70k USD, the possibility is quite small since many investors see it as an opportunity to buy and it will increase the price again.

It depends, because if the market becomes extremely panicked and the selling pressure is greater than the buying pressure, it is normal for prices to continue to fall further. Like when bitcoin plummeted to $74k, something no one previously believed was possible.

Quote from: retreat on Today at 06:22:35 AM

Moreover, global geopolitical uncertainty still makes many investors consider Bitcoin to be the right alternative for their hedge and that keeps the price of Bitcoin positive in the range of $75k - $85k USD. Unless there is big news that affects the price of Bitcoin, I don't think that the scenario of Bitcoin falling to $60k USD will happen.

No, if people treated and considered bitcoin as an inflation hedge or store of value, it wouldn't have been dumped when the trade war broke out. People see it as a speculative asset just like the stock market, and that's why bitcoin and stocks have been dumping heavily over the past few weeks while gold continues to hit ATHs.