Will #BTC drop to 80k? The price is still too high, waiting for a drop to buy.
Is this perhaps the thought of many new players who are struggling? I would like to share a few personal opinions:
Looking at historical data, BTC does not support significant drops. In previous growth cycles of BTC, it is very rare for BTC to return to deep lows before reaching peak prices of 60 - 70k. In 2024, BTC has consistently maintained resistance above 90k, indicating that institutional and government funds are flowing into BTC. Most recently, early in the morning of November 28, 2024, there was a report of an anonymous wallet belonging to Donald Trump conducting specific transactions: purchasing 300 million $ buy #ETH, 976 million $ buy #BTC, which shows that the elite and large investors are accumulating assets and the market is forming a solid bottom. The supportive macro policies under Donald Trump's administration strongly favored Crypto, applying blockchain technology to finance and economics, and tax reduction policies and investment in technology have created conditions for large capital flows into the Crypto market. Therefore, the best approach for small investors is to swim with the sharks, accumulating BTC within the price range of 90k - 100k to not miss the growth cycle of 2025.
Wishing new investors a favorable start in this market ❤️