I genuinely believe we’ll surpass $100k this cycle and set a new ATH. But looking at support levels, if we dip to around $70k, that might give us the strength to push higher. A quick crash to $60k isn’t out of the question, and I’d probably miss it again.
Anyone think Bitcoin could drop to $60k before hitting new ATH?
19 replies 71 views
luckypixelNewbie
Posts: 21 · Reputation: 18
#2Oct 7, 2024, 10:12 AM
I used to think Bitcoin wouldn’t drop below $80k this year, especially in Q1 and Q2. But then it fell to $74k, which threw me off. With how unpredictable the market is, anything could happen. A new ATH should be above $108k, but a 26% drop from $84k isn’t impossible.
Not saying it’s certain, but a drop to $60k could happen. The market’s been shaky for months now, so another dip might be rough. But hey, anything can happen with Bitcoin. I just hope we see $95k again before this month ends.
Didn’t we just see a flash crash at $70k? That was the time to buy! With fear in the market, it’s textbook to buy low. I doubt we’ll hit $60k again soon since we bounced back to $84k so quickly. Honestly, I think the chances of hitting $100k are higher right now.
I still think we’ll drop more. Even at $80k, it feels shaky. I was hoping for a deeper dip to snag some Bitcoin cheaper, but luckily I bought in at $70k, so I’m okay with that.
Most folks aren’t expecting a dip to $60k before the next ATH, but you never know. If it happens, it could be a solid chance to accumulate more. We’ve hit $74k already, so let’s keep calm and not panic buy.
shard_2013Full Member
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#7Oct 9, 2024, 09:52 PM
I’ve said it before: Bitcoin probably won’t drop below $75k this season. If it does, it’ll likely bounce back fast. I really don’t see it going below $70k, maybe not even $69k.
I was shocked to see Bitcoin drop below $75k, and honestly, I can’t confidently say it won’t hit $60k. The market’s too influenced by outside factors. It’s wild how easily manipulated Bitcoin can be.
jake.minerNewbie
Posts: 17 · Reputation: 18
#9Oct 10, 2024, 01:36 PM
With the way politics are affecting the economy, it’s hard to predict Bitcoin’s moves. We might not even know if the bull season is over yet. Everyone’s speculating without real proof.
Last I checked, the last low was around $74k, which is pretty close to that $60k mark. With all the chaos going on, another negative news cycle could send prices down. If you’re investing, maybe just DCA instead of waiting for a massive drop.
After the tariff pause, we could see another big drop, maybe even below $60k. But then again, that’s gonna make investors fearful. Only the big players might still invest.
There was solid support at $73k, and I doubt it’ll break unless we face a major crisis. The tariff situation has kept us in a tough spot, but hitting $69k would need some serious bad news.
Bitcoin’s been hovering around $84k lately, so I’m not expecting a big drop anytime soon. I still believe we’ll see $100k again this year, but timing is everything.
shard_2013Full Member
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#14Oct 11, 2024, 09:10 AM
Yeah, I saw that Bitcoin bounced back fast from $74k. Right now, the new support seems to be around $80k.
I think I read something about Robert Kiyosaki predicting a drop to $60k after hitting $100k. It kinda makes sense, but right now, 70k feels like a good buy point.
shard_2013Full Member
Posts: 207 · Reputation: 287
#16Oct 12, 2024, 06:52 AM
When Bitcoin dropped under $80k, I noticed a lot of negative predictions. Some analysts even said it could fall to $10k. But I think it’s not gonna drop below $74.5k.
Anything can happen, right? I’m not ruling out $60k, especially with political instability. But honestly, it could be a good chance to buy more.
I was waiting for that $60k drop too but eventually gave up at around $77k. I don’t like limit orders; they make me feel boxed in. That price is definitely a strong buying zone, though.
coldstorageNewbie
Posts: 60 · Reputation: 38
#19Oct 14, 2024, 04:53 PM
I think it’s possible for Bitcoin to dip to $60k before hitting a new ATH. Remember the last halving? It took a while to rise, but it eventually peaked. Anything can happen.
c1pher_viperFull Member
Posts: 19 · Reputation: 508
#20Oct 15, 2024, 11:34 AM
We really can’t predict what’s next. We might think there’s an ATH coming in 2025, but history doesn’t always repeat itself. Best to keep buying Bitcoin and hold for the long run.