$BTC Bitcoin (BTC) is going through a bit of a rollercoaster ride right now. After hitting an all-time high of over $108,000 in mid-December 2024, it’s pulled back to around $96,000. This has led some to wonder if the price could dip even further, with some predicting it might drop to $80,000.

A big reason for this fluctuation is profit-taking by long-term investors. When Bitcoin shot up above $100,000, many people decided to cash in on their gains, which caused the price to fall back a bit.

On the flip side, there’s still a lot of institutional interest in Bitcoin. Companies like MicroStrategy are continuing to invest heavily in BTC, and the fact that MicroStrategy is now part of the Nasdaq 100 shows how serious this involvement is. Plus, the approval of Bitcoin exchange-traded funds (ETFs) has made it easier for both institutional and retail investors to get in on the action.

So, while Bitcoin is still riding high in many ways, it’s also dealing with some price swings. If you’re considering investing, it’s important to be aware of the factors that are driving these changes and approach with caution.