Aksel Kibar warns Bitcoin (BTC) could face a MAJOR downturn, potentially dropping to 80,000 USD, if market conditions worsen. This prediction is based on a developing head-and-shoulders pattern. Currently, Bitcoin is struggling to keep its value above 100,000 USD.
Market sentiment is skeptical about a deep correction for Bitcoin. Despite expectations of a potential downturn, many believe the correction may not reach extremely low levels as Kibar predicts. This reflects prevailing market psychology and investor caution regarding Bitcoin’s future.
Despite challenges, some positive market signs exist. Stablecoin deposits into exchanges are rising, hinting at renewed activity. US spot Bitcoin ETFs, after recent outflows, saw net inflows. These indicators could influence Bitcoin’s market behavior as the year ends, despite prevailing bearish sentiment.