The price of Bitcoin (BTC) fluctuates around $95,000. Based on historical data, the probability of a significant fluctuation after a sideways trend is over 80%. The future market may experience a substantial downturn, with Bitcoin's price potentially dropping to around $65,000. Such an adjustment is seen as an important stage for accumulating strength for the next real bull market.
Trump's inauguration may become an important turning point
Trump's official inauguration in January next year may mark a turning point for the market. Based on previous market performance, there is a high possibility that the market will reach a six-month high before he takes office. Therefore, it is advisable to liquidate positions in December to avoid potential risks.
Mainstream cryptocurrency price predictions
Bitcoin (BTC): May drop to around $65,000.
Ethereum (ETH): Predicted to potentially fall to around $1,900.
Solana (SOL): Price may drop to the range of $60-70.
Other altcoins: Generally high risk, with potential declines of over 80%.
The analysis suggests that, driven by panic selling, most on-chain projects may struggle to survive this cycle. Investors need to respond cautiously to market volatility, especially with regard to the risk of significant downturns, including halving or even larger declines.