It seems like the crash could reach $75k-$82k, if what I read on the chart is correct in the 1 day/week timeframe, but even so, the price of bitcoin is really volatile, but right now many are happy because they can save at least somehow or they can add other altcoins to their bags.

     Those who buy many of the top cryptos in the market are lucky, they are very capable of buying what they want to hold whether long or short-term before selling.

We may go up to 85k, but I doubt it.
Maybe 90k max. But I would be glad to see the price that would be smaller too - after all, the dip exists to use it, not to mourn it.

You are right and despite what he predicted, bitcoin will continue to rise above that price and we are now in a correction that may well touch the price range we talked about. Bitcoin cycles as we see and perhaps going into the new year we will see another long rally to its highs and I am still optimistic that bitcoin will rally higher again. The correction that occurred was never inevitable and is a market reaction that will continue to occur along the way. But eventually, Bitcoin will also find a gradual recovery point before going higher as it has done before.

Are you sure it's a correction, not a dip?
I do think we need a much sharper decline in price to call it a correction - but I agree with you in the fact that it wouldn't stop the rally fully, it's just a temporary situation, and Bitcoin would recover as well as breach new heights in 2025.

If price moves to $150,000 and it falls back to $85,000, it won't be a correction, it's a bear market. In previous market cycles, from ATH to bottom of bear market, price loses about 70%, 80% from ATH.

In future market cycle, when Bitcoin market cap becomes bigger, from ATH to bear market bottom, it will possibly be smaller than 70% or 80%, and from $150,000 to $85,000, it's 43%. Maybe it will be down more than 43% from ATH assumes here is $150,000, but won't be too big like 80% down from $150,000.

Bitcoin market cycle.

One should give priority to one's own judgment before taking any advice. Those who do not evaluate their own judgment are a kind of superstitious. We have already seen that the market has turned back at the moment when it was moving slightly bearish. In a short period of time, the price of Bitcoin has increased by 5 percent and it has touched $100k again. That is, we can be somewhat confident that the market will not be downward but will show an upward trend at this time. That is why I will not give priority to CZ's prediction. Neither I nor CZ really know which direction the price of Bitcoin will go.

The overall picture of the market and the confidence of investors allow us to guess that the market may be more bullish in the coming days. It is always better for an investor to be prepared for both upside and downside. It is not unusual for what he is guessing to happen. We have seen some predictions in the past that have been bullish and predictions that will be bearish. So it is always best to be prepared.

I am not going to take a look at the drops because they're already high for the most of us that have held for a long time.

I'll also wait for his tweet when it reaches a million dollars and I think that's how it is going to be within the next years or cycles to come.

He'd never wrong that it went to $100k and it's about to get back in there. We'll see people talk about how low is $100k for them to buy soon.

If you are in this market a long time, and already experienced one or two market cycles, at least one cycle, you will not feel fearful with market corrections. With newbies, who are only joining this market since the bull market start, they will have a lot of fear, and corrections will turn some of them to weak hands. Or it's not about their hands but it's about leverages they used and liquidations their positions will be called by centralized exchanges.

10% or 20% loss of your portfolio value within an hour, a day, is not comfortable with many people especially if they're newbies.

Complaining can not help, it only makes their mentality weaker and more unstable during chaos of market. It is better if they simply turn off computers, laptops, log out their accounts on CEX for several days. Price will recover after a correction, like several days, 2 weeks later and if they can hold their bitcoin in spot or better in non custodial wallets, they will not lose their bitcoins.

I agree with what you're saying but unfortunately we live in the social media and influencers era, and people are using less and less their brains because it's just easier to idolize someone and follow his advices. At the end of the day we have a ton of people buying some coins/tokens simply based on some Elon Musk's tweet... Whoever understands cryptos will never follow CZ's advice.

I think that is the idea, even if we see the price going to $85k as he predicted way back, the price could still make others more money since they have been buying in the bear market. And in this case, our lowest low is $15,500.


From my interpretation, his tweet meant that we are in the bear market. But currently, at $94k and still a lot of leg room in 2025. We are still undervalued and we could be looking at a big incoming bull run next year.