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Bitcoin (BTC) 
$104,616 continues to experience a downward trend, raising questions about how low it might go. Recent attempts to break through the $95,000 barrier have failed, with the critical $100,000 level remaining unachieved. This situation has heightened concerns among traders regarding the potential for larger losses. What are the predictions regarding the continuation of BTC’s decline?
Projected Bitcoin Prices
Even in bull markets, easy profits in cryptocurrencies are not guaranteed. Such psychologically taxing declines are inherent in the market’s nature. However, looking at headlines during peak days, one might mistakenly believe that substantial gains are easily attainable.
Today’s drop marked a series of losses that dampened the spirits of few traders who might benefit from predicted upward trends in the coming weeks. How much longer will this last? Titan Of Crypto indicated a potential significant drop in their current assessment.
“Bitcoin above $110,000 is inevitable. BTC continues to follow the path I outlined months ago, currently in a correction phase. If it drops further, $87,000 could be the next ‘maximum pain’ level before any rise. Remember, markets never move in a straight line.”
Another analyst, Crypto Rover, suggested that Bitcoin will rebound to $120,000 after reclaiming $102,000, sharing the accompanying graph.
Comments on Altcoins
Today’s decline caused weakly rising altcoins to sharply retract their gains. Many cryptocurrencies experienced losses exceeding 5%, and they have yet to recover from the losses that began at $108,000.
Jelle shared a graph for altcoins, indicating promising prospects for 2025.
“The total crypto market cap has entered a new price search – and Bitcoin dominance seems ready to decline further. It appears that 2025 will be great for #Altcoins. Are you ready?”
Traders have numerous reasons to maintain hope for significant gains in altcoins next year. However, no one can predict the future. Like this year, expectations for a rise before 2024 were valid. Will the same happen again? Only time will tell.
