Bitcoin, the undisputed king of cryptocurrencies, is once again on a wild ride. After a surge over the weekend that brought it close to shattering its all-time high, the digital asset has dipped back below the crucial $70,000 mark in the last 24 hours. This sudden correction has left investors wondering if the predicted surge to $80,000 is still on the table. Source: Coingecko Related Reading: Polkadot Shines – Is Now The Time To Buy DOT Before $10? Bitcoin Erases Weekend Gains Just days ago, Bitcoin bulls were celebrating as the price climbed to near record highs exceeding $70,000. This bullish momentum fueled optimism, with analysts like Markus Thielen predicting a swift climb towards $80,000. However, that optimism has been tempered by the recent price drop. Bitcoin has plummeted roughly 6% from its peak, effectively erasing the gains made earlier this week. While the price has recovered slightly to hover around $69,200, it remains below the psychological barrier of $70,000. Is The $80,000 Dream Dead? The recent correction has undoubtedly dampened spirits, but some analysts are still confident that Bitcoin’s journey to $80,000 is far from over ..
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