In August, Bitcoin saw significant growth, reaching a record $124,000, but now its value is around $110,958. Investors continue to debate what comes next.
Analysis of the Current Situation
After hitting a new record of $124,000, Bitcoin has faced intense volatility. Currently, the asset is trading at around $110,958, raising questions among investors regarding future price movements.
Predictions and Expert Opinions
Joao Wedson, founder of the analytics platform Alphractal, expressed concerns over a possible bear market, predicting Bitcoin may drop to $50,000 by late 2026 if historical four-year cycles hold. His analysis is grounded in patterns observed over the past decade. However, some experts, such as Quinten Francois, disagree with Wedson's forecasts, suggesting that the overall cycle may extend further into 2025 despite short-term volatility.
Bitcoin's Future and Its Market Impact
While some analysts predict a downturn, others highlight increasing demand for cryptocurrency and the influence of external factors such as liquidity in Asia-US markets. Political uncertainty in the US may also have repercussions for Bitcoin's market in the near future.
Bitcoin's fate remains uncertain, with expert opinions divided. As market changes unfold, investors must consider a multitude of factors influencing price.
