Bitcoin’s price dropped to just over $80,000. Many investors fear that the price will fall lower. However, the situation is not so obvious. The market environment may fuel growth.
Will the bitcoin price drop lower?
Bitcoin fell to USD 80,600. Currently, however, 1 BTC costs approximately USD 86,000. That’s still a far cry from the ATH, which sits at just over $120,000.
Ether has lost the key level of USD 2,800 in recent days, but this zone has also been regained. This is an important level, the breaking of which, even in this cycle, initiated strong increases.
Interestingly, the chances of cutting interest rates suddenly increased. by the Fed. The recent declines were “sponsored” by, among others, concerns that this will not happen in December. After the drop on the Fed Watch Tool, we now see an increase in the probability of a rate cut. If you believe the “valuation” on this CME platform, the chance of a cut is 71%.
The US labor market still looks quite good. Unemployment increased slightly (from 4.3 to 4.4%), but at the same time in September the number of new jobs in the non-agricultural sector increased by 119,000. (forecasts: 55 thousand).
And above all: on December 1, the Fed will end the process of quantitative tightening. We are one step away from the start of easing, which is very good news for cryptocurrencies.
According to the expert
Gracy Chen, CEO of Bitget, described what is happening in the market for us:
Bitcoin’s decline to near the $80,000 level looks more like a healthy market correction than the beginning of a long-term downtrend. After the strong rally we have seen, it is natural for the market to cool down, especially with increased attention from global regulators and broader macroeconomic pressures such as rising interest rates affecting all risk assets. Cryptocurrencies are now closely tied to global markets, and this type of short-term volatility suggests its maturation.
The most important thing is the long-term perspective, and this remains intact. We continue to see increasing institutional exposure, greater on-chain liquidity, and accelerating adoption in the real world – from payments to DeFi to Web3 infrastructure. These fundamentals say much more than a single price movement.
I don’t expect a further sharp decline. Market participants are better diversified, leverage is more controlled, and the overall ecosystem is more robust than in previous cycles. As the end of the year approaches, seasonal capital inflows, continued innovation, and upcoming network upgrades could support Bitcoin’s stabilization and gradual recovery – with a potential return to near $95,000 in late November and closer to $105,000 in December.This is a period of consolidation, not capitulation, and lays the foundations for more sustainable growth in the future.
