Bitcoin sees record $10K drop as model says $93.5K may only return in 2028

💡 DMK Insight

Bitcoin’s $10,000 drop in a day is a wake-up call for traders: volatility is back. This kind of sharp decline raises serious questions about market sentiment and the potential for a prolonged bear phase. Historically, significant drops like this can lead to extended periods of consolidation or even further declines, as traders reassess their positions. If you’re holding BTC, it might be wise to consider stop-loss orders to mitigate risk. Watch for key support levels around $60,000; if that breaks, we could see a cascade effect impacting altcoins and other correlated assets like Ethereum. On the flip side, if BTC manages to reclaim $70,000, it could signal a short-term recovery, but that seems far off right now. Keep an eye on trading volumes and sentiment indicators over the next few weeks. If volumes remain low, it could indicate a lack of buying interest, prolonging the downturn. The real story is whether this drop is a temporary shakeout or the start of a deeper correction. Be prepared for potential volatility ahead.