The world’s largest cryptocurrency, Bitcoin (BTC), was recently hit with a major downfall. The asset brought immense hope to the community after it surged beyond the $100,000 mark. Throughout the last couple of months in 2024, BTC managed to record a notable uptick. Carrying this trend onto 2025, the king coin surged to an all-time high of $109,114.88 in January. But February turned out to be immensely bearish for the asset. The real question is if the king coin can break its current rut and move to the next level.
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A Dive Into The Bitcoin Market
Earlier today, Bitcoin dipped to a low of $82,131.90 causing chaos in the market. The asset has recorded a 10% drop in its price over the past seven days. Just a week ago, BTC was trading at a high of $99,000. But in no time, the asset was dragged below $90,000. At the time of writing, the king coin was trading at $86,719.73 following a 2.70% drop over the past 24 hours.
Despite this drop, several in the market remained optimistic about Bitcoin’s rise in the future. Ki Young Ju, CEO of CryptoQuant, contends that it is “way too early to panic.” Young Ju revealed that 30% declines were common in Bitcoin bull market cycles in a post on X. He also noted that the asset saw a 53% decline during the 2021 cycle. But the asset returned to reach a new all-time high.
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Five-Year Price Prediction
It looks like Bitcoin is set to begin its upward trajectory soon. Data from CoinCodex revealed that Bitcoin would surge all the way to a high of $295,577 in 2030. This marks a staggering rise of 240% from the asset’s current price. The lowest that the king coin would trade at during that year is $198,574. The average trading price of BTC in 2030 could be around $266,129.
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