Bitcoin is having a very hard day. Its price has dropped to around $73,000, which is the lowest it has been since President Trump’s 2024 election win. This level is very important. Before, it was hard for Bitcoin to rise above it. Now, it needs to stay above it to avoid falling much further.Some experts think Bitcoin could dip below $73,000 for a short time, maybe even to $70,000 or $69,000. That might scare people, but many believe that could be the bottom before things improve. No one knows the future for sure, but history gives some clues.Right now, Bitcoin is more oversold than it was during the COVID crash in 2020. Back then, there was a huge global crisis. Today, there is no event that big, which makes some people think Bitcoin is priced too low.Because of this, many long term investors are buying. Even famous and wealthy people are doing it. Cardano founder Charles Hoskinson says he is selling expensive things and going all in on crypto. Big companies like BlackRock and well known investors like Michael Saylor are also buying.
Another reason prices dropped was fear around a recent US government shutdown. Markets do not like uncertainty. Now that the shutdown has ended, Bitcoin has started to bounce a little.
The US government is also talking more seriously about clear crypto rules. President Trump and Coinbase leaders say the White House is engaged and wants America to lead in digital assets instead of China.Some investors believe money may move from gold into Bitcoin next. People like Cathie Wood, Brian Armstrong, and other analysts think Bitcoin could be worth $1 million in the future because its supply is limited and more people are using it.Bitcoin feels scary right now, but many believe this is one of those moments that later looks like an opportunity. As always, everyone has to make their own choices and decide what feels right for them.
Bitcoin is going through one of its darkest days in recent months. The price has fallen to around $73,000, the lowest level since President Trump’s 2024 election victory. Many investors are nervous, and some are even tired of hearing promises that “we’re going to win so much.” Right now, it does not feel like winning.
The $73,000 level is very important. In the past, Bitcoin struggled to break above this price. Once it finally did, that level became support. Support means a price area where buyers usually step in. If Bitcoin can hold this level, the damage may be limited. If it cannot, the price could fall faster.
Some analysts think Bitcoin may dip below $73,000 for a short time. It could fall to $70,000 or even $69,000 before bouncing back. This kind of move is sometimes called a fake out. The price drops, everyone panics, and then the market turns around. If that happens, many believe that drop could mark the bottom.What makes this situation strange is how oversold Bitcoin is. Technical indicators show Bitcoin is more oversold now than it was during the COVID crash in 2020. Back then, the world was facing a true emergency. Today, there is no major crisis like that, which suggests Bitcoin may simply be mispriced.
Because of this, long term investors are quietly buying. Many are using dollar cost averaging, which means buying small amounts over time instead of all at once. This strategy has helped many people in past crypto cycles.Even some very wealthy and well known figures are taking bold steps. Cardano founder Charles Hoskinson said he is selling luxury items and going all in on crypto. His message is simple. If you believe in something deeply, you commit fully.
At the same time, large institutions are still buying. Firms like BlackRock and investors like Michael Saylor continue to add Bitcoin. This raises an important question. If big money and even governments are buying, why is the price still falling? The answer often comes down to fear, short term uncertainty, and market structure issues.One major source of fear recently was the US government shutdown. Markets dislike uncertainty, especially when important crypto laws are delayed. Now that the shutdown has ended and funding has passed the House, some of that fear is easing, and Bitcoin has started to show small signs of recovery.