How are you all? I hope you are all well. It was a bit of a shock to see Bitcoin's price drop below $84K again today. The market had been feeling weak for a few days, but the way the price fell today created more pressure than before. It seemed like the market itself could not pull its own weight.
Selling has been increasing since Wall Street opened. The negative news from Asia—Japan raising interest rates, decreasing liquidity, and Strategy may sell Bitcoin. All of this together has shaken the market quite a bit. I have also seen that news related to Asia has a very rapid impact on Bitcoin.
According to analysts, this week is the 'pivotal' week for 2025. This means that we can understand where Bitcoin will stand at the end of the year. Many are disappointed to see the market going down, but I see it differently; it takes time for Bitcoin to form a bottom, and history shows that such a decline is often followed by a strong rebound.
Traders' reactions were more negative today. Especially the fact that Coinbase Premium went negative has worried many. However, on the other hand, some experienced traders are saying that the price below $90K is actually a big buying opportunity. Personally, I agree with this, although the decision must be made at your own risk.
Finally, I would like to say that although the situation is a little stressful, I do not see it as completely bad. The next few days will be very important. If Bitcoin can hold the previous low, it can gain new strength. So I am just calmly observing the market now; it remains to be seen whether the recovery starts from here.
