How are all my friends? Hope everyone is well. The amount of volatility going on in the cryptocurrency world right now is really remarkable. Especially bitcoin—there is a strange tension going on in the market right now. The price was at its peak a few days ago, and now many analysts are saying that another big shock may come.
[Generate by Gemini]()
We have seen it ourselves: the price of bitcoin has fallen by about 12% in the last two weeks, and it is now about 15% below its previous high. So many are now predicting that the price could drop below $100,000 very soon, and some even think it is possible to drop to $90,000. However, it is absolutely foolish to say how low it will go right now. But one thing I have noticed is that this discussion is everywhere on social media now. Because when the price of the most expensive token in the crypto world is fluctuating like this, it is normal for everyone to talk about it. Someone says, “Bitcoin drops by about 25-30% every time it hits a new record,” while someone writes, “This time too will be no exception.”
So, after much deliberation, hundreds of traders on the popular prediction platform Polymarket are now betting that Bitcoin will fall below $100,000 before 2026. An active bet has already been made of $1.8 million, with about 69% of users believing the price will fall.
But friends, here’s the funny thing: Bitcoin always breaks market predictions. Sometimes, when everyone is scared, it unexpectedly turns around. So, no matter how complicated the situation is, Bitcoin’s unexpected movement is its biggest feature. Because we have seen it before, and it is not impossible.
On the other hand, JPMorgan Chase CEO Jamie Dimon recently said in a social media comment that a new wave has emerged in the market. He said in the context of corporate bankruptcies.,
“When you see one cockroach, you have to realize that there are many more hiding.”
This “cockroach” comment spread fear among investors, which also affected the price of Bitcoin.
On Friday morning, the price fell to about $103,000, although it later rebounded somewhat.
Friends, now I will give you a picture of the current market.
Bitcoin price: $106,700 (about 1.25% decline in 24 hours)
Weekly performance: -8.2%
Trading volume: over $107 billion
Dominance: 59.66%
Market cap: $2.12 trillion
[Generate by Gemini]()
As you can see for yourself, these numbers show that there is still a lot of selling pressure in the market, but many experienced analysts believe that this decline could be the beginning of the next big rally.
So in the end, I will say one issue: the cryptocurrency market is constantly uncertain. No, you can say with one hundred percent certainty what's going to occur next. However, history suggests that every time after a large decline, Bitcoin reaches new heights. So, instead of panicking, the wisest thing to do now is to examine the marketplace with a groovy head.
Posted using SteemX
