**Bitcoin Price Crashes Again! What Happened?**
- Bitcoin plunged again to its lowest price since August, dropping below $50,000. Is it time to panic? đ€
- Astronomer Zero's first prediction: Price could go up to $57,000. His analysis? Hash ribbons show a buy signal after a sharp drop. So, maybe this is just a "bump in the road."
- Second prediction: Fibonacci Retracement shows price could stabilize at $53,480. This mathematical pattern often appears in financial markets.
- Third prediction from Arthur Hayes: Price could fall to $50,000 if there is a recession in the US. But, he also implies the potential for a rally.
- Peter Brandt reminds us, it's not just how low the price will go, but also how long we have to wait for a recovery.
What do you think? Let's discuss in the comments column!
