Bitcoin Drops, But Forecasts Predict $118,000 Before 2025
The world of cryptocurrencies is in turmoil as mentions of “Buy the Dip” on social media reach their highest level in eight months. According to recent data, this trend was observed after the price of BTC fell below the psychological threshold of $100,000 on December 19, 2024. However, is a new ATH at $118,000 before 2025 feasible?Why the surge of “Buy the Dip” on social media as bitcoin falls?Bitcoin, which recently reached the historic mark of $107,600, eventually dropped to $95,500, sparking a wave of discussions about the opportunity to buy at this price level. Mentions of “Buy the Dip” then reached a social dominance score of 0.061, the highest since April 2024, when BTC had fallen below $70,000. Additionally, global searches for “buy the dip” even reached a score of 38, the highest level since August 2024.