Is the price headed for a bigger drop?

Looking at the lowest price of the day on cmc, I noticed that BTC hit $90,924.90. This got me thinking that Q2 2025 could be even rougher than right now. Typically, we see significant market movements around January-February, and I have a feeling March might not bring any positive vibes for the price. There's a chance we might see it dip down to around 80k if the market keeps rejecting the current levels. Could this be linked to what went down with Bybit? I saw some folks claiming that it wouldn't have any impact on Bitcoin.

With the amount that was moved from Bybit, an exchange with that type of reputation, it will definitely affect the market. Even as Bitcoin was not part of the coins stolen, the shock, the panic selling, and the large amount of withdrawal are enough to push the market a little. We are seeing the current price at $91,900 as of the time of this post, trying to pull back for the 24-hour low of $90,900. If you are asking if we can see a lower price than that, I will say the signal is certain. February has just been to some point an unpredictable market for bitcoin, but the month of March might appear to be different.

make no assumptions for Q1-Q2 of 2025.. the fun begins Q3-Q4 no one can predict exactly how low the "test bottoms" will hit exactly nor when precisely no one can predict exactly how high the "test tops" will hit exactly nor when precisely however dont expect another $15k bottom and dont expect a $1m top this year based on Q1 stats of the state of the economy so far.. a fair range based on actual economic strengths of logic, math and cost which people determine as their limits which then end up showing reciprocally on the market tests.. show a $70k-$350k fair market speculation range for the moment looking at the world wide mining cost range. we see a support bottom of low $70k's range for value support where some mining pools and private contract deals done based on mining metrics of costs for last few months, means that some bitcoin acquire-r's can still sell and profit even at $80k, IF market swing that low on the other hand(prepping for a ATH test of top) sees a max premium that stretches above $350k based on max cost of mining so we could see drops in Q1-Q2 and then large rises in Q3-Q4(ATH pattern of last three ATH is autumn-winter) if your a buyer   0     70            200           300           400   ||||||||||||||||||||||||||||||||||||||||              ^good near value green range to buy if your a seller   0     70            200           300           400   ||||||||||||||||||||||||||||||||||||||||              ^too early to sell your load unless your making profit there is not much to drop but alot of room to rise in the next 9 months but in next 9 months we could see large swings one end to the other any drop in price(whilst in the buyers green value zone) should be thought of as a discount opportunity to add more coin to your hoard

Touching $80K is definitely possible, but it may or may not happen in March. We have experienced worse than the present, Bitcoin price reached $60K and then it went to $30K, since the ATH was $109K, it could fall to $54.5K. Which mean we're still in good position, if Bitcoin price fall below than $50K and there was nothing big happen on global economy, then we start to panic.

well from the bitcoin market analysis of it growth provided above shows that Q1 of 2021-2024 has been bullish or doing well in the previous years, so hence no one can predict the outcome for Q2 even though bitcoin was bloody as shown in the table from 2021-2024 but it may not be the same this season. it could just be the hack on bybit that causes this great decline in the market but we can not use that as a criteria to judge bitcoin growth. remember last year Q4 we all never expected that bitcoin could achieve such massive growth of even creating a new ATH of $100k and even above. so since bitcoin is volatile it remains unpredictable, it may experience a surge in price anytime soon. now is not event time to think about the dip in price of bitcoin but rather time to accumulate more bitcoin.

Now the price of Bitcoin is slowly going down, as a result we are forced to think that the price of Bitcoin may fall even further next month. Everyone is probably aware of the recent news that the Bybit exchange was hacked, and perhaps this is also the reason why the price of Bitcoin is falling in the market. Moreover we have seen before that the US President announced tariffs, which caused the price of Bitcoin to drop significantly, just as he said again yesterday that tariffs on Canada and Mexico should continue. https://www.cnbc.com/2025/02/24/trump-says-tariffs-on-canada-and-mexico-will-go-forward.html

I can't think of any other reason than the Bybit hack which makes this a dumb panic sell because bybit is mostly an altcoin exchange and the hacker stole a shitcoin named ethereum. None of which has anything to do with bitcoin to affect its price! Whether it will go any lower depends on how many of the weak hands are going to react and panic sell. We are at the very beginning of the panic sell (although the hack happened like 3 days ago!) so it is hard to predict their momentum. It doesn't seem like the strongest panic sell for now.

^ Agreed there, and the situation isn't that bad judging by the looks of it, however, it's all weak hands need to sell off their bags

Bitcoin has been moving sideways for the past few weeks and the surprise is the price drop rather than the rally that many were expecting. Today's low is $88,200, we may see Bitcoin stay around $85,000-$90,000 for the next few weeks. Regarding Q2 of this year, let's see how the market is in March. It could be a good start at the end of the month, but it probably won't be that high.

in short (TL:DR;) yes this event in the last day is not due to some social panic/fear based on any celebrity/US politics twitter feed.. it is definitely linked to coin movements related to the hack analysis company elliptic shows that 50 lumps of 10k ethereum (from the hack) was converted to btc at 01:00am 24th feb (UK time) (as im about to show you what i seen on the market charts(simplified)) if you look at the BTC price the price stayed somewhat stable until 13:30 on the 24th (stayed in the $95k range) but if you look at the BTC:ETH swap/peg rate it changed from BTC 1<>34.3 ETH to BTC 1<>37.65 ETH over the last day so yes seems like ETH moved first converting to BTC at 1am.. and then BTC to $ from 1:30pm (12 hours later)

First of all, exchange hacks seem to be a common thing in crypto space these days due to more occurrence. Secondly bybit's role in crypto world is not that big or significant. Still, I agree that all bad news must be impacting bitcoin market at some degree, we cannot estimate about the depth of that level. In my opinion, bitcoin market is waiting triggers like it has done all the ground work and just waiting for a good news to leap up. This doesn't mean that the current down trend will stop immediately but market may turn up at any time along with any positive news. Even I am not ready to believe on these type of speculations, but these days people's psychology also work this way. When more people agree and believe, new months may bring changes, yes, possible.

It's already dip to $88k and yes the issue of bybit is majorly one of the reasons behind this dip. Noticed how people are placing a withdrawal request on various exchanges due to panic? Binance and other exchanges send out huge amounts of coins and the implementation of Trump's new tarrif on Canada, Mexico and China shouldn't be left out as part of the reason for market down trend. Unless we see a bounce back from here, $80k or even lower cannot be avoidable.

Bybit was hacked 2 or 3 days ago and today they also announced that they have covered the lost funds and liquidity has been fully restored. So if bybit was the cause of bitcoin price drop it would have happened 2 days ago not now when everything is fixed. I tried searching but didn't see any notable negative news so I think this is a bitcoin price correction, nothing more. January, February or March...none of the months are easy to predict bitcoin price. Many people predicted Bitcoin price to increase in January but it didn't happen, then they predicted February would be different but in fact, we are having a worse February. People continue to expect March to be different, but we should be realistic that bitcoin is unpredictable.

That looks like a weird decision to convert stolen shitcoins to bitcoin instead of converting them to an anon coin like monero to at least prevent blockchain analysis companies from following the coins. I thought hackers should have known these basics!

The team behind Bybit has already made a statement, that all funds on the platform are fully covered with reserves and that there won't be any insolvency. The news about a 1.5 billion dollar crypto hack cannot cause the BTC price to drop by more than 5%. Maybe there is FUD around Trump's new tariffs and an upcoming trade war between the USA and the EU. There are positive news about the war in Ukraine coming to an end this year, but I don't see any impact over the cryptocurrency prices. There are also rumors that the Trump administration might make a step back about the "Bitcoin strategic reserve" proposal.

i edited my prev post to be more accurate from "ellyptic shows that 5 lumps" to "elliptic shows that 50 lumps" i try my best to get things right first time, but i do double check and correct.. however sometimes fingers slip, for a short period of time, oh well anyway to answer your question: the eXch example of shuffling funds around to btc is only one of many methods the launderers use as its only 800btc:30,000eth of the 500,000eth analysed

When the market first crossed 100k, it also corrected again and after that, there were almost a few long months market followed this trend. Since then, there was a possibility of a market dump. But that possibility created the opposite situation. Especially the issues related to Bitcoin reserves helped to regain confidence among investors. A long bearish trend may start from today. We may be able to see the same situation in the market for 2-3 months. Although no specific reason could be found, the recent Bybit hack may have some impact, at the same time, some of Trump's foreign policies and financial aid restrictions in some countries may have a negative perception for the general public. However, no matter the price of Bitcoin, many investors were waiting for this day, they got a great opportunity to increase their portfolio. But I am not worried about this dump even it takes under 80k. I believe that the market will return to bullish again.

a few weeks ago @ ImThour predicted such a correction, you can read it here ----> https://bitcointalk.org/index.php?topic=5525876.msg64934845#msg64934845 . So a 30% correction is possible, but in the long term (+6 months), the price is supposed to break the $107k levels. If it's about Bybit, we should see $92k+ levels by Sunday.

I am really glad that someone on this forum takes my TA seriously. As I publicly predicted earlier, we need this 25-30% correction which will help us for the next big move which is above $150k. This is a sale which should be used as much as possible

Not surprising at all as Bitcoin has been struggling to break resistance for a while now. As for the Bybit news, I’m not sure if the price drop was directly caused by it, since the reaction came in a bit late. So, I don’t think this was an organic fall, it feels more like a bit of manipulation. That being said, I’m expecting a bounce-back soon. I think we’ll stay above $90K again, maybe even climb back to $96K in a few hours. another possible reason is this.