$BTC Many people forget one important aspect when discussing Bitcoin – its history of corrections. Remember how it crashed from $18,000 to $3,500 in 2017-2018. Then, in 2021, it went from $64,500 to less than $30,000, and then from $68,000 to $18,000. But here we are in 2024, and Bitcoin has formed a near triple top without a significant correction. This reminds us that the $40-45k range may be more realistic than the long-awaited $100k.
The crypto market loves to repeat its stories and fuel the hype, but don’t forget that institutions can withdraw their funds at any time. Risks must be justified, and while we may think one thing, the market often thinks otherwise. Do you think we will see Bitcoin at $100k or will it drop to $45k first?