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The price of BTC has dropped in recent days, and there are already those who fear that it is a true and proper collapse of Bitcoin.  To tell the truth, only the incompetent can believe that what is happening is a real collapse, but unfortunately, there are many incompetents who pontificate about the trend of Bitcoin.  The apparent collapse of the price of Bitcoin Last Friday, November 22, 2024, the price of Bitcoin reached a new all-time high above $99,600. Many thought it was ready to break the $100,000 wall, but instead, starting from Saturday, it began to fall.  First it climbed back to $97,000, then on Sunday it fell below $96,000, and yesterday even below $95,000.  The decline is continuing today, so much so that it has even dropped below $92,000.  At this rate, it could drop even to $90,000, or perhaps even to $87,000.  To tell the truth, there are analysts who argue that the decline could continue even below this threshold, but there are really few who predict a drop below 80,000$.  The fact is that before November 6, the day of the announcement of Donald Trump’s victory in this year’s US presidential elections, the price of Bitcoin had never been above even $75,000, so even a drop to $80,000 would mean staying above the previous all-time highs before the elections. Therefore, at first glance, this may seem like a collapse to inexperienced eyes, but in reality, at most, it could be a retracement, at least for now.  “`html The correction “` Among analysts, however, a second hypothesis is circulating.  It should be noted that the trend of Bitcoin’s price in the long term tends to be correlated precisely with the US presidential elections, so much so that until now, after all the US presidential elections that…

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Filed under: News - @ November 26, 2024 3:23 pm