In recent weeks, the price of Bitcoin has surged and surpassed the $50,000 barrier. Many experts expect another surge to all-time highs around the Bitcoin halving. But could the Bitcoin price fall back to $30,000 in the near term?
How has the Bitcoin price moved in recent weeks?
The price of Bitcoin has surged in recent weeks. The exchange rate at the beginning of the year was still around $44,000, but it has risen almost sharply in recent weeks. Shortly after the Bitcoin spot ETF was approved, the price of Bitcoin fell below $40,000.
However, it then fell sharply, with the price of Bitcoin surging past the critical point of $50,000 for the first time before surpassing $52,000. There has been a sideways movement around the $52,000 level in recent days.
Bitcoin Price Crash: Could a Strong Correction Happen Again?
The price of Bitcoin could fall significantly before exploding to all-time highs. In recent years, bull markets have often seen declines of 20-30%.
As a result, significant adjustments can be made before then. However, in recent cycles, BTC prices have fallen much more sharply following the Bitcoin halving before the parabolic bull market.
Bitcoin price crash: Could Bitcoin price drop to $30,000?
As a result, the price of Bitcoin may fall further in the coming weeks. However, positive signs, the Bitcoin spot ETF and low Bitcoin liquidity are likely to result in a correction of just over 20% this cycle.
This means that the Bitcoin price could fall back to $40,000. But a drop to $30,000 is much harder to imagine. This can lead to unexpected situations, such as major financial disasters.
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