Can the Bitcoin bull run handle a dip to $77K?

So, according to the CryptoQuant CEO, he’s pretty confident we won't see a bear market this year. He pointed out that even if Bitcoin drops to $77K, the overall market could still stay bullish, suggesting we’d likely bounce back from that level. Honestly, I’m not too worried about bear markets since they’re usually solid chances to buy. But for anyone freaking out about the current situation, trusting what the CryptoQuant CEO says might help you chill a bit.

It is not impossible for price of Bitcoin to drop to $77K but I seriously doubt it will go that low. The reluctance of the market to go below $90k and the rally towards $99k is already an indication that the correction is gradually coming to an end. Unless we see a major shock, I don't see any more deep correction. If perhaps it happens that price gets to $77K, it is just a matter of days before the recovery will take place given the history of Bitcoin... just few daily candles will get the job done. I'm of the opinion that we will continue to see the ongoing consolidation down to middle of the year but from the other half of the year, I expected major momentum in the market to create a new ATH.

I can agree on this all because of the fact that have not been established yet over the last bitcoin all time high m, this means there is more expectations that we may go more bullish anytime from here and the dip we could reach is $77k as he suggested, but I can say this that even if we get close or below $60k the market can still pump back to all time high anytime, many have also suggested the end of the year for all these, let invest and hold with caution for any major event  to happen leading to all time high, while we plan for dip maybe next year forward.

if BTC can just bounce back even reaching new ATH after hitting pretty low price point before, I'm pretty sure there's no stopping bitcoin actually reaching a really high price even scoring new ATH after touching $77k. not to mention that $77k doesn't really look like a bad drawd own if i'm being honest, it's still above $49k i don't think it will mean anything of significance to the changing of tide in bitcoin. if any, just attract more bitcoin investor since many of them already waiting for BTC price to go down to buy more.

If it wasn't funny, it would be tragic that people pay attention to this kind of nonsense that only serves as cheap PR for that company and the character who calls himself CEO. If you think he's right then I guess you're going all in BTC? As far as I'm concerned, BTC will survive even if the price drops to just $7000 - for those of us who were here when it was worth just a few hundred $ or for those who were here when it was worth just a few dozen $, price isn't everything anyway.

After a bull run, a bear market usually follows, but I agree that we might not see one this year because the bull market we’ve been expecting hasn’t fully arrived yet. We’re still not satisfied with Bitcoin’s performance since many are looking for a target between $150K to $200K before a major correction happens. And of course, aside from Bitcoin’s bull run, we’re also hoping for an altcoin season, which hasn’t fully happened yet.

He is in no place to guarantee anything, BTC is decentralized and even Ki Young Ju does not know what its next movement will be, and cannot guarantee you anything, i don't believe he said that with any rationale. We only expect this year to be bullish and because of events in the past, we know that if BTC price falls, it rises back up again, but we would see what happens this year with the talk of BTC strategic reserves and interest from institutional investors.

I read the news like 2 days days ago or so. I even thought to bring it on this forum when I saw it that time but I think it is not necessary. I do not blame the man and I think he made a good analyses. It means people should not think there is bear market if bitcoin drop to $77000. That the bull market is not yet over. Which I think it is true. I remember in 2021 when bitcoin fall from $63500 to $30000 before bitcoin later increased and got to $69000. If I remember very well, what I did not like about what the man said was that bitcoin may increase in price in 2026. But which may not be true. I think 2026 will be a bear market. What that will make bitcoin fall to $7000 means something not good is happening. Something like this has never happened before. The last lowest price was $15500. Let us expect bitcoin not to go below $30000 this time. And as for the time we are now, no bear market for bitcoin yet.

Question matters more for you and your portfolio is what will you do before, during and after a bear market? It's your plan to prepare for a bear market, exit the bull market before the bear market comes, and prepare your money for accumulate more bitcoin in bear market, and get more profit in a next bull market. All these matter for your capital, will you lose it or increase it in next months or next two years. Are you ready for the Bitcoin bull market? What's your plan? Some ideas for you Make sure you manage your finance well, and have strategic reserve for emergency or withdrawal strategy (see in that thread).

That sounds like another random account on the internet made a random guess about the price which is being reported as if someone with expertise in the bitcoin market make a valuable speculation. The price itself is random! A 30% crash is one of the most common crashes that bitcoin has gone through specially during its bull market. A quick look at historical charts shows that, specifically 2017 has at least half a dozen obvious ones despite price going up from around 1k to 20k in that bull run. None of those crashes change the bull market into bear market either...

You can have a more quicker look at this chart Bitcoin bull market correction drawdowns.It's free to call it as dump, crash, correction, drawdown because what you call does not change what it actually is.https://studio.glassnode.com/workbench/bf532ce2-a66b-4798-6deb-bf3ba7decc59 Two other charts for saving time than checking it by yourself.

Thanks for the chart but I disagree on the terminology. Words mean something and each of these words you wrote here are describing something different. It's like money and currency, people may use them interchangeably but they are not the same thing. In bitcoin market I personally consider 10% drop to be a correction. As the size of the drop goes up, it stops being a correction and starts being a crash. I categorize 30%-40% drops as crashes since it makes more sense that way.

I agree about terminology to use that needs to be correct. My sentence in a previous post is for people who don't use correct term, but what term they use does not change what Bitcoin is or what Bitcoin price performance is. A correction is a correction as it is, and a crash is a crash as it is, if you use a wrong term, you can not change a correction to a crash or a crash to a correction. That's what I implied, but I'm sorry for did not express it clearer.

In the case of experienced investors, maybe bitcoin going down to that price is a good momentum for them to accumulate more bitcoin because it is indeed a great opportunity that they can take advantage of. But I don't think that will happen because looking at the history of bitcoin in previous years, it has entered a level above it so that touching that price requires something much bigger to affect it. But bitcoin is speculative in terms of price and no one can guarantee for sure and we never know if the price will return to that position. Whatever happens should be taken advantage of and there is no need to panic because even if the price drops later, there will be a time when bitcoin will strengthen again at a higher price.

$77k? That should be a prediction from him. He is not the controller of bitcoin so we can't rely on his prediction. Come bear Market and Bull Market we are here continue investing. I know that bitcoin will enter bear market next year and I don't think it will happen in this year. We all have seen what happened last year. We thought the Bull Market would start after the halving but irony caught us up. The bull market started before the halving and many people predicted that it would be after the bull. So we don't have any guarantee in the price of bitcoin. What take what we see at the moment.

I think I agree with him to an extent. Bitcoin will continue to be in a bull run this year. There are too many expectations from people on Bitcoin this year for them not to buy more the moment bitcoin starts going down. This is the reason I don't belive bitcoin will even go as low as 77k this year because people now see a dip in price as an opportunity to buy more bitcoin at a lower rate. There are so many people who currently have their money ready and waiting for a dip because they believe the market will correct itself and pump again after a dip. For the record, this is no financial advise, it just a personal opinion.

he can’t guarantee anything no one can even if you are a ceo of a company or an average bitcoin investor you can’t possibly know about what will happen to the market exactly i don’t think you should trust anyone actually because if you believe that there will be no bear cycle after this 100% and then there suddenly is you will be caught off guard and you will feel lied to i think instead of panicking about what may happen you should instead start planning how to take advantage of every opportunity even if we are in a bull run or a bear run

He suggesting a drop of 30% of Bitcoin's current All Time High of $107k to $77k per BTC before the end of 2025 is actually a likely possibility, of which I'm in no doubt that such can't be achieved. Because if we could make reference to the activities which took place in the May 2020 Bitcoin Halving which took place before this one, we could noticed that after the halving, the price of Bitcoin rose to almost $59.8k per BTC on April 13th 2021, and later fell down in price to $32k per BTC on June 13th 2021, which was a 55% drop in price of Bitcoin in less than few months. And as such, when the CryptoQuant CEO suggested a 30% drop in price before it skyrocket again, then it's straightly an achievable liquidity.

That's assuring but never trust someone's word for that. We still need to be prepared for wherever this market will go. I am in belief that this bull run will still take a long time before it ends so, he might be right for that if there won't be any bear market for this year. But, let's be open that this market is very unpredictable and it could enter before this year ends. No one will ever know because we've seen plenty of times how it has disappointed us but I hope that it's better than 2022 bear market.

I don’t think he’s just a random guy or random account... he actually has a solid background in crypto. Here’s some information about the CEO of CryptoQuant: So his company a leading provider of on-chain and market data analytics is expert in this field, his statement assumed to be back with proper analysis.