Bitcoin's 4-year cycle isn't dead, expect a 70% drop next downturn: VC

💡 DMK Insight

Bitcoin’s economic properties are still misunderstood, and that could trigger a sharp sell-off. Traders need to be aware that any negative news or market turbulence could lead to panic selling, especially among those who don’t grasp Bitcoin’s fundamentals. This misunderstanding can create volatility, making it crucial to monitor sentiment indicators and trading volumes. If we see a sudden drop in price, it could trigger stop-loss orders, further exacerbating the decline. Keep an eye on key support levels; if Bitcoin breaks below recent lows, it might signal a broader market correction. On the flip side, this could also present a buying opportunity for those who understand the asset’s long-term value. Watch for any shifts in market sentiment or significant news that could impact Bitcoin’s price. If you see a spike in selling pressure, be ready to act accordingly, either to cut losses or to capitalize on potential rebounds.