Bitcoin’s (BTC) anticipated tumble will be a buying opportunity for crypto investors…
I think the digital coin will likely trend lower before the end of the year, as ongoing choppiness in the stock and crypto markets continues to drive a selloff in Bitcoin.
If this is the case, the digital token could soon fall to a “cycle bottom,” meaning a 33% decrease from current levels to roughly $13,000 amid liquidity plays.
However, given the asset’s history, Bitcoin will likely surge back higher…
In late 2018, for example, the cryptocurrency’s value tumbled to around $3,100 after hitting a peak of $20,000 in late 2017.
And now that Bitcoin has achieved a new high of $69,000, it would make sense to see a similar drop to prior cycles – around 80-85%.
Yet, given the digital asset’s rapid growth, which is faster than that of early Internet users, Bitcoin’s support will remain higher.
This indicates that Bitcoin will further grow despite the ebbs and flows of liquidity – creating an opportunity for savvy investors to stock up before it rallies higher.
If past bull markets are any indication of Bitcoin’s future, it should go well over $100,000 this next cycle.
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