I don't think It would go down hard this period and even if it does, it won't go below 85 to $80k, the wars in the Middle East are gradually coming to an end, thanks to the Victory of Trump therefore I think we'll witness better times ahead even before he's being sworn in as the President elect of the states by next year, my thought is that we may witness Bitcoin get to 100k before next year, the reality is very possible given how fast it set an ATH on the 90k plus mark. Trump as President elect has begin to show positive news in the market lately, Bitcoin has passed silver to rank 7th in highest ranking assets, Israel would be forced to seize fire on it neighbouring countries likewise Russia on Ukraine it's a good news for not only Bitcoin and Cryptocurrency at large but for also the stock market, we're in good times and everyone should just brace themselves for the 100k mark and after Trump is sworn in it could even go higher than expected, I don't want to mention any figures out of speculation but I believe Bitcoin would be very very bullish after Trump is sworn in as the next President of the states.
Bitcoin is correcting and holding above $89k but how strong this correction will be will depend on what caused it. If it is just a healthy correction after a series of growth days, there is nothing to worry about, but if it is affected by macro news, things will become more serious.
News of the war in the Middle East seems to have died down since Trump won the election, but there have been recent reports that Biden is allowing Ukraine to attack deep into Russian territory. I think we should not take this news lightly, if it happens, we will have a more serious dumping than we think.
I used to think that bitcoin would be able to grow until Trump officially took office, but I started to worry that bitcoin would be affected as the political war between the two administrations in the United States increased. I was very optimistic about bitcoin hitting $100k this month but now I'm a little worried.