Recent market events have led to chaos among traders: the price of Bitcoin $BTC
fell more than 45%, losing $5,000 in a few hours. The reasons included breaking support levels, market manipulation, and economic data from the USA.
Key points
Short-term decline: Analyst John Glover (Ledn) believes that Bitcoin may fall to $89,000. This is a temporary correction before the next upward surge.
Long-term growth: In the first quarter of 2025, Bitcoin could reach $125,000. This is due to institutional investments, improved market sentiment, and possibly regulation.
US economic data: News about a strong US economy lowered expectations of a Fed rate cut in 2025, which put pressure on the price of Bitcoin.
What does this mean for investors?
The decline may present a buying opportunity before the expected rise.
Forecasts are based on Elliott wave theory, but they are speculative — proceed with caution.
A long-term strategy and portfolio diversification will help reduce risks.
Conclusion
Short-term price fluctuations are linked to macroeconomic factors, but the long-term potential of Bitcoin remains high. It is important for investors to consider risks and carefully analyze the market before making decisions.