A prediction of Bitcoin dropping to $74,000 would likely be | Halving2024 on Binance Square

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A prediction of Bitcoin dropping to $74,000 would likely be based on technical analysis, market sentiment, or potential macroeconomic shifts.

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📊 Bitcoin $85K Support Analysis Critical Support: The $85,000 level has frequently been identified as a key support level that needs to hold to prevent a deeper decline. Loss of $85K: Breaking below $85K is often cited as a trigger for further downside, with the next major support targets typically mentioned around $83,800, $80,600, and the stronger demand zone of $80,000–$82,000.

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Historical Cycle Alignment: Historically, the peak of the bull market occurs roughly 1.5 years after the halving, followed by a decline. The most recent halving occurred in 2024, which means a peak in 2025/2026, followed by a bear market bottom in 2027, would still align with the traditional pattern.

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Great Session with @RIBKA_BITCOINER @Venkyy @Harold Hori owAZ @Fatima_Tariq aboute Binance BLOCKCHAIN WEEK & 300Million Users on Binance with KYC

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The $80,000 Level: The $80,000 or $85,000 range is frequently cited as a key strong support level where many are looking to buy back in, especially if the price were to drop further from its recent highs. Some analysts have pointed to a recent drop towards this range from a high around $126,000. Factors that Could Cause a Drop to $80k: Major Sell-Offs: Large institutional holders ("whales") offloading their Bitcoin. Macroeconomic Events: Unexpected policy shifts from central banks (like the Fed) or a significant global economic downturn. Regulatory FUD (Fear, Uncertainty, Doubt): Unfavorable new government regulations in major markets. Technical Breakdown: If Bitcoin fails to hold technical support levels (like $90,954 and $87,000) it could accelerate selling towards the $80,000 floor.

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