Bitcoin Price under $80k and alts crash soon ?

[dekafee79]

If a correction happens, we will definitely be below $80-90k, so all these declines are not a correction.


If a healthy correction happens, then we can still see $150k levels this year.
The worst thing that could affect the price of Bitcoin would be a clear recession, and it could happen if Trump's management of the economy was bad, but usually these results appear starting from  Q3/4, so under normal circumstances nothing bad would happen like this.

A lot can be expected from crypto but Trump's hype crypto market is not behaving normally.  Due to which a possible prediction is not possible. I am not much expert in analysis so I don't understand current market situation.  But I don't know how the experts are predicting. The price of Bitcoin surprised everyone and quickly hit over $109k. so can hit $150k too. But do you think it is possible this year

the possibility will always be there, especially during the bullish season. but we should not target too high than later disappointed. I target to sell my bitcoin at a price of $ 120K this year.
And we'll see, whether that price will be achieved.
according to many people's predictions bitcoin will reach ATH exceeding $ 120K, let's see whether it will happen in Q1, Q2 or towards the end of this year.

[Rruchi man]

Is this just a Bitcoin correction or will we see a gradual decline in Bitcoin?  How is your prediction for Bitcoin in this situation?

Any dip in the price of bitcoin should be viewed as an opportunity to buy more and take up better positions for when the market continues to be bullish. It is called riding the waves. There are investors who are very good at this, and you will never hear them complain of the value of bitcoin when it is dropping.

[PX-Z]

Too early to say it could crash on $80k, there are still resistance for not going down such price. Now after 4 days after it hits $92k, it become stable in $96k range going back again to 100k. I guess we can see another spike in the price. I bet the reason it got dump is due to El Salvador's decision to amend the of bitcoin being not a legal tender anymore in the country.

[Zed0X]

~ How is your prediction for Bitcoin in this situation?

The ETF effect is over.
The immediate effect of Trump's win and inauguration is over.

What else could be a market driver? I think big investors are looking at the progress of bitcoin as Government reserves and other policies affecting crypto (and the general market) that the SEC or lawmakers that will introduce.

[dekafee79]

~ How is your prediction for Bitcoin in this situation?

The ETF effect is over.
The immediate effect of Trump's win and inauguration is over.

What else could be a market driver? I think big investors are looking at the progress of bitcoin as Government reserves and other policies affecting crypto (and the general market) that the SEC or lawmakers that will introduce.

There will likely be a new policy made by Trump through the SEC that will trigger an increase in bitcoin and altcpoin. and there could be a massive reserve to buy bitcoin. We should wait, what causes the price of bitcoin. because as you said the ETF effect is over, Trump's victory is also over. Will Trump make a policy to support bitcoin?

[0t3p0t]

Too early to say it could crash on $80k, there are still resistance for not going down such price. Now after 4 days after it hits $92k, it become stable in $96k range going back again to 100k. I guess we can see another spike in the price. I bet the reason it got dump is due to El Salvador's decision to amend the of bitcoin being not a legal tender anymore in the country.

Well yeah I agree that is why I am wondering why we are thinking of something like a crash when the market is still bullish. The price stays $90k+ to a hundred thousand level which is like ranging and in this cycle the possibility of us seeing another spike is quite high so yeah we just need confirmation for that whether it's gonna go up or down.

[salad daging]

When BTC drops to $80k, does that mean that the BTC price drop from its ATH is more than -25%? This means that the price drop is indeed that severe. and of course, altcoins will crash. let alone a drastic turn like that, the current BTC price drop of $96k has already made altcoins crash so much. Even Ethereum also fell and plunged to $2.6k again, or even dropped even further later. So the point is, just be patient with the current market conditions.

Usually altcoins will not be saved to last long if bitcoin drops - down a few percent altcoins experience a severe decline so how sensitive altcoins are when bitcoin drops.

However, with the current conditions, trying to stay in the hold of several altcoins if bitcoin is clear will remain in HODL because there may still be potential to rise.

[bayu7adi]

Some observers of the 4-year BTC cycle, February 2025 is the last month we will see prices above $100k... after February 2024, there will likely be a hemorrhage in the crypto market, all markets will be red and will enter a bearish period... this is 10 months after the BTC halving in 2024, and yes, we must be vigilant in these months... I even started to reduce the supply of purchases I made to anticipate the cycle prediction...



Trading view also discusses it about 1 year before halving and 1 year after halving... the chart always swings..

See more : https://www.tradingview.com/ideas/search/BITCOIN%20HALVING%20CYCLES/

[yohananaomi]

Too early to say it could crash on $80k, there are still resistance for not going down such price. Now after 4 days after it hits $92k, it become stable in $96k range going back again to 100k. I guess we can see another spike in the price. I bet the reason it got dump is due to El Salvador's decision to amend the of bitcoin being not a legal tender anymore in the country.

Well yeah I agree that is why I am wondering why we are thinking of something like a crash when the market is still bullish. The price stays $90k+ to a hundred thousand level which is like ranging and in this cycle the possibility of us seeing another spike is quite high so yeah we just need confirmation for that whether it's gonna go up or down.

With the price still continuing to grow and increase and the correction that is there is only momentary and will return to the increase. agree with you that until now the market is still bullish and there is no sign that it will stop and continue to increase, where in time, it will reach the best level that bitcoin has ever achieved.

[TomPluz]

I believe that we should already be avoiding the mention of "collapse" when it comes to Bitcoin all because we already know that this asset is very volatile and while it can go so low it can also go so high. Had this movement be affecting stocks, it would already be catastrophic the same bloodbath that happened in 2008 but here everything is just fine. Now, as one who is already been years in this market, i can sense that Bitcoin seems to be stuck somewhere and right now finding it hard to go beyond the $100K and make a new ATH...and this "less energetic" stance is very much affecting the altcoins market. At this time, I better be at Bitcoin rather than in altcoins. I could not imagine what can be if finally we can say that altseason is not anymore coming true and we go directly to the bear season...am still hoping it won't happen that way.

[martinex]

Usually altcoins will not be saved to last long if bitcoin drops - down a few percent altcoins experience a severe decline so how sensitive altcoins are when bitcoin drops.

However, with the current conditions, trying to stay in the hold of several altcoins if bitcoin is clear will remain in HODL because there may still be potential to rise.

In addition to the HOLD option, there is another option, namely BUY MORE. because in the near future the market will fluctuate strongly, my reason is that there will be another press conference regarding future economic policies and prospects by SEC Chairman Jerome Powell. As usual, investors are preparing to react by dumping assets temporarily after his speech.

[EluguHcman]

Will all alts crash in a bitcoin situation? or is everything a major price correction for something big to happen?

Bitcoins market movements is not in pari passu with the Altcoins market movements but due to Ethereum integration imitating Bitcoin, the Altcoins has been displaying their performances according to Bitcoins movement.

Although it is completely known that the alt does have it season differ from Bitcoin but in some occasions they work in tally While Bitcoin takes the lead before the Altcoins follows the market lines.

[Bobcrypto]

The price of Bitcoin is slowly falling though not very fast.  But the alts are declining very fast. Recently Bitcoin price took a big down and recovered from $91k to 101k. But since then no major movement of bitcoin is seen but slowly bit by bit the price of bitcoin is decreasing. Today it was down from $100k again to $95k. Is this just a Bitcoin correction or will we see a gradual decline in Bitcoin?  How is your prediction for Bitcoin in this situation?

Will all alts crash in a bitcoin situation? or is everything a major price correction for something big to happen?

As we can see, altcoins are already decreasing, for the past five months, it has been Bitcoin sending altcoins to "NEW LOWs" .According to some experts, there may be another six to eight percent drop in Bitcoin which is likely going to further sending many altcoins to 30% dips from their various price levels.
In facts, there are indication that there are heavy capital flowing into Bitcoin giving it a huge dominance that may have long term effect on altcoins. The dominance surge show Bitcoin's resilience and investors preferences for safety over risket assets

[bayu7adi]

As we can see, altcoins are already decreasing, for the past five months, it has been Bitcoin sending altcoins to "NEW LOWs" .According to some experts, there may be another six to eight percent drop in Bitcoin which is likely going to further sending many altcoins to 30% dips from their various price levels.
In facts, there are indication that there are heavy capital flowing into Bitcoin giving it a huge dominance that may have long term effect on altcoins. The dominance surge show Bitcoin's resilience and investors preferences for safety over risket assets

Yep... BTC dominance in the past year has really been increasing continuously.. lots of inflow from various investors and most likely the assets from altcoins are being moved to Bitcoin... we see that the price of Bitcoin has not dropped below $90k while altcoins are experiencing quite serious bleeding..

Currently BTC DOM is at 60.3% this is really quite high compared to the bullish period a few weeks ago, which was only around 57% to 58%.... seeing ETH DOM which fell 1.4% and the dominance of other altcoins also -1.5% that means, many people are starting to shift their assets to BTC... either temporarily waiting for the altcoin buyback or they could also be aware of the more promising long-term BTC investment.

[omori]

Bitcoins market movements is not in pari passu with the Altcoins market movements but due to Ethereum integration imitating Bitcoin, the Altcoins has been displaying their performances according to Bitcoins movement.

Although it is completely known that the alt does have it season differ from Bitcoin but in some occasions they work in tally While Bitcoin takes the lead before the Altcoins follows the market lines.

Do we see the biggest ATH of BTC yet in the near future?
That would turn the market upside down after the sideway movement we are witnessing, and that's the main question we should be asking, imo.