Well if that so Im gonna buy more bitcoin because 80K is ofcourse a discount zone I do believe there will be a second wave of bitcoin that happen in the past after bitcoin hit the dip it will recovery creating new all time high it could range between 150K-200K in my opinion after that going sideaway and welcoming the bear market.
But all that happen maybe on this year of 2025 so just keep eye on bitcoin
Topic: [2024-12-27] Will Bitcoin Prices Continue to Decline? (Read 74 times)
Theoretically it can even go down to a lower level than that, the bull run didn't start at this range, but below, around 55k. So I don't see 80k as a strong thenical threshold. The new president is going to take office in 3 weeks, and we don't know if Trump plans to make announcements about crypto right after, so there is room for further decline.
It’s really unsettling to see the market sentiment lean toward pessimism. Personally I view such dips as opportunities for long-term investment because I always believe in Bitcoin's underlying value and adoption potential. Market cycles are inevitable but I make sure to separate short-term noise from the long-term trends. I'm always prepared for whatever corrections may happen and I still look forward to these dips as a springboard for future growth.
Why does it matter if Bitcoin dips below the $80,000 of you have already taken profits from when it reached it's all time high some weeks earlier. In the case where you didn't take profit but still wants to hold why does it still matter, since you are holding for the long term. If it dips, good for us, week hands will be shaken off out of panic. I don't even advice not to hold or sell anymore. If you think you can't continue, then that's okay for you. The history of Bitcoin has shown that it will go up. No one needs to convince you.
Just keep holding is what that is necessary if you want to make money from bitcoin. Do not listen to what some people are talking. Analysts also can be very wrong at times. The time I read news like this was when bitcoin first dipped below $93000 recenlty and it increased back to $99940 before falling again and now at a price above $95500.
Recent fluctuations in Bitcoin prices have sparked worries among traders, leading to increased selling activity within the broader cryptocurrency market. Some experts are forecasting that Bitcoin could potentially dip below the $80,000 mark as market sentiment continues to erode.
Read the full article here: https://en.bitcoinhaber.net/will-bitcoin-prices-continue-to-decline
Read the full article here: https://en.bitcoinhaber.net/will-bitcoin-prices-continue-to-decline
Jump to: