Bitcoin has fallen by 76% during this brutal bear market phase. However, this decline is nothing out of the ordinary, as we've seen 80 to 85% bear market drops before. Bitcoin whales and market makers continue to add to their leverage long positions, even though it’s unclear whether 15,500 dollars was the final bottom.
Bitcoin had a rocky first half of the year, but experts still say it will eventually hit 100,000 dollars, and that it’s more a matter of when, not if. Despite the volatility and recent slumping price, many experts still say bitcoin is on its way to passing the 100,000 dollars mark, though with varying opinions on exactly when that will happen. And a recent study by Deutsche Bank found that about a quarter of bitcoin investors believe bitcoin prices will be over 110,000 dollars in five years.
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