$BTC Significant price drop in the past week: Bitcoin has decreased by about 9% from its historical peak of $108,244.63 on December 17, 2024. This adjustment affects market sentiment and reflects a weakening of the upward momentum.

The cryptocurrency market has "evaporated" $500 billion: This indicates the strong impact of Bitcoin's price on the total market capitalization of the entire industry, reflecting that investors are withdrawing funds or pausing trading.

Technical analysis: Bitcoin is currently struggling to recover, indicating that the bulls are losing control under strong selling pressure from the market. This is a sign that the market may continue to face downward pressure in the short term.

Positive forecast for 2025: Although the market is adjusting, some experts still predict the possibility of Bitcoin reaching a new peak of $120,000 by 2025. This could depend on factors such as monetary policy, broader acceptance of cryptocurrencies, and macroeconomic events.

Given the current situation, investors need to be cautious and manage risks closely. Monitoring news and events that affect the market is essential for making appropriate decisions.