Bitcoin price drops below $94,000 amid warnings of a potential decline to $90,000 or even $60,000.
- Bitcoin has experienced significant volatility as the price fell below $94,000 for the first time in nearly a week, resulting in $580 million being liquidated.
- Many prominent analysts like Sheldon_Sniper and Tone Vays predict that the price could drop further, while Tom Lee and Robert Kiyosaki warn of the possibility of a large decline.
- However, both remain optimistic about BTC's long-term potential, with a price target of up to $250,000.
- Data from Santiment shows that the community is worried about a correction, but Bitcoin often goes against predictions, potentially rising to $120,000-$150,000 before a 30% correction. 🚀