Bitcoin has been on a roller coaster recently, with prices going up and down, which is frightening! Especially around $92,000, everyone is watching it, and it feels like a "life and death line". If it falls below, it will be like opening Pandora's box, and a lot of people will be in a hurry to sell, and the price will probably plummet all the way.
Bitcoin has tested the bottom line of $92,000 several times, but each time it has stabilized like acrobatics. But people in the market think that this bottom line may not last long. If it really falls below it one day, it will be like dominoes, falling one after another, and it can't stop.
What's more frightening is that recently 3.2 billion US dollars of Bitcoin have been moved to the exchange. What's the purpose? It's obvious that they are going to sell it off! The atmosphere in the market suddenly became tense, and everyone felt that the price was going to suffer.
Also, when the Fed's big boss Powell opened his mouth, the market shook three times. He said that there might be further rate hikes in the future, and this interrupted the upward momentum of Bitcoin. Not to mention that the 33,000 Bitcoins are ready to go, and the price may have to adjust again.
However, not everyone is bearish. Some experts think that this is just a temporary shock, and Bitcoin can still reach $100,000 or even higher in the future! By 2025, it may reach $200,000.
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