🚀 Bitcoin's Rollercoaster Ride: $81K on the Horizon? 🌟

Bitcoin's price dipped below $60,000 midweek after a weekend surge past $65,000, driven by the Fed's pivot to lower interest rates. Despite this volatility, Bloomberg's Mike McGlone remains cautious, suggesting BTC's enthusiasm might be waning. He points out that the Bitcoin/S&P 500 ratio, now at 11x, peaked at 15x in 1Q21.

However, BTC bulls like Marathon Digital are optimistic. If Bitcoin hits 15x the S&P 500 again, it could soar to $81,818! Blockstream CEO Adam Back even targets $80,000 based on hedge fund predictions. With the fourth halving just five months ago, there's plenty of room for this bull to run. 🌈💎

When the hangover clears, who knows? Diamond hands might just find themselves in profit! 💰