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So the 'Crypto Godfather' thinks Bitcoin isn’t done falling and might hit around $57k soon. Says we probably won't see any new highs this year.
Ca Posts: 554 · Reputation: 784
Totally with that. Anyone looking closely knows Bitcoin can dip lower. Personally, I expected way more drops than that. A 60% fall from ATH makes sense to me.
C Posts: 82 · Reputation: 38
I doubt it’ll get that low in 2027 though. I think Bitcoin could rise reasonably high again before it really takes off.
M Posts: 352 · Reputation: 74
If history repeats, $40k is possible too. Sure, last time was rough because of those exchange crashes. This time it might not be as bad but I still see that dip.
B Posts: 104 · Reputation: 221
I’m still hoping for new highs this year. The markets always surprise us. Just gotta wait and see.
A Posts: 352 · Reputation: 479
Yeah I feel that too, but I see lower prices coming for the rest of the year. Surprises could happen, no doubt.
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Who knows? Everyone’s just guessing. Research is key, don’t take everything said for granted. Might drop before rising again.
Ca Posts: 554 · Reputation: 784
I see a trend where Bitcoin should follow past patterns. Bottom might be below $60k. Recovery could be in 2027.
B Posts: 98 · Reputation: 401
Right? But when and how will we hit that low is anyone's guess. Market cycles are all over the place.
T Posts: 166 · Reputation: 3166
#10 May 19, 2024, 02:03 PM Exactly, we can’t just rely on one guy’s prediction. The market is wild, could go either way.
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#11 May 21, 2024, 04:39 AM Honestly, I think he’s on the right track saying we won’t hit ATH this year. The bear market is still here.
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#12 May 21, 2024, 05:59 AM I feel like we could surprise everyone with a bounce back, but truth is no one knows for sure.
M Posts: 352 · Reputation: 74
#13 May 21, 2024, 07:06 AM Been burned by so-called experts before. Take everything they say with a grain of salt.
Ke Posts: 65 · Reputation: 14
#14 May 21, 2024, 08:27 AM This bear market means no ATH. Probably makes sense to prepare for the next cycle.
1 Posts: 30 · Reputation: 2302
#15 May 21, 2024, 01:49 PM +1 on being cautious. History tells us we should be braced for these dips.
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#16 May 21, 2024, 06:49 PM I see the $57k prediction as optimistic. I can see a scenario where we dip below $60k though.
M Posts: 234 · Reputation: 20
#17 May 22, 2024, 01:13 PM You might be right, but it feels like we have some support around the $60k mark.
Ma Posts: 278 · Reputation: 3536
#18 May 22, 2024, 05:14 PM Let’s not forget the potential for another wild swing before we hit any lows.
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#19 May 22, 2024, 09:55 PM I think we need to let the market play out. Can’t just knee-jerk to predictions.
Gr Posts: 21 · Reputation: 236
#20 May 23, 2024, 03:15 AM Anyone else think the Crypto Godfather is just throwing darts at a board? Sounds possible, but still too uncertain.