Bitcoin Metrics Indicate the Bull Market is Still Strong

So, when Bitcoin dipped under 91000, some experts were predicting a 30% drop. That would mean a price below 70000. The bulls have proven them wrong for now, but I think in the long run, it could be a valid point.

Haha, you're really cranking out these threads, huh? The ones predicting a 30% drop got ignored though. I think it's more realistic now with all the institutional interest coming in 2025. Bitcoin’s legal everywhere now, the last holdouts are just missing out. 2025 is looking super bullish to me.

Historically, the year before the next cycle is always bullish. This year’s rise isn’t even close to what’s coming next year. You see this kind of news during a bull run. I prefer listening to the old-timers instead of some no-namer.

Nothing wrong with thinking a correction is coming, but a -30% drop? Nah, that’s not typical in this market. It takes time and a lot of FUD for that to happen. Bitcoin shot up over 45% in just a month, so a dip is coming but not that severe.

In 2017, we saw a drop from 7400 to 5900, about 20%. In 2021, it was from 38000 to 32000, around 15%. I doubt we’ll see 70000 again this year or next. Bitcoin's bull phase isn’t just a quick spike before crashing.

There aren’t really any trends indicating a price jump right now, but no signs of a correction either. We’ve got resistance at 91, 89, and 84 before hitting 70000. I think we'll stabilize around this price for a bit, maybe even hit 100k soon.

I partially agree, but I think saying Bitcoin will never see 70000 again is off. It could drop to that level after hitting 100k or 120k. The past volatility shows it's possible, but the overall trend won’t change.

It’s wild how we still analyze Bitcoin's price despite fluctuations. The bullish momentum has been insane, and we were almost at 100k in November 2024. If we hadn’t corrected, we might’ve seen a much bigger bull run next year.

Not always the case though. Bitcoin’s price swings are fast. It jumped from 70000 to nearly 100000, so a similar rapid drop could happen when profit-taking kicks in. Still, I think it’ll keep climbing regardless of dips.

30% crashes happen, but they’re not about Bitcoin being overvalued. Look at 2017 tons of crashes during that bull run. These dips are just how the market behaves. I think we’re too early in the cycle for major crashes.

If Bitcoin were going to drop below 90000, it probably would have happened already. What we’re seeing now is just a recovery from a minor dip. I think this bull run has more gas left. Usually, altcoins surge when Bitcoin does, but they haven't yet.

People have been calling for corrections for ages, and many missed investing because of that. Bitcoin might just hit its mega bull run soon, maybe even 150k. I like how Bitcoin keeps proving the doubters wrong.

I’m not sure how things will pan out. An altcoin season is possible, but this time feels different. This bull run saw Bitcoin rise significantly while altcoins lagged because capital is coming from ETFs, not retail like before.

Even in a bull run, corrections happen, but 30% seems extreme. A drop like that doesn’t mean the trend changes. I usually look for a 50% drop to signal a bigger trend shift. As long as that doesn’t happen, we’re good.

Bitcoin likely won’t see big corrections right now. The bulls are in control, and whales are buying up any dips. That’s why it sits above 90000. The market is bullish regardless of what the naysayers say.

I agree with that. If the charts hold, Bitcoin could be looking at 250k to 300k by mid-next year. Too many people think 100k is the ceiling, but that's just the start.

Based on past trends, a 30% drop isn’t likely at this stage. The bull run has just kicked off, and I think we’re heading to 100k easily, then 150k later on. The political landscape will shift in 2025, making it even more bullish.

What are they even expecting? We’re not at the 100k mark yet. Once we hit that, FOMO will kick in. Retail investors are gonna jump in hard, pushing us to 150k.

Big players are definitely eyeing Bitcoin, especially with those ETF investments rolling in. But don’t forget, FOMO hits hard during bull runs, and altcoins will shine too. Even useless meme coins pump during this time.

I’d guess that the 30% dip people keep talking about is just speculation. If it happens, it’ll still put Bitcoin at 70000, where it hung out before this recent surge. I’m pretty bullish for 2025, especially with institutional interest coming.