Bitcoin Price Outlook: Expect a Drop Below $100K During Bear Markets

When I consider the potential for Bitcoin's price during a future bear market, I firmly believe it could fall back below $100,000. In fact, during significant market corrections, I anticipate Bitcoin might revisit the $75,000 to $85,000 range, which should act as the support level for this cycle.

Regarding whether it's wise to accumulate Bitcoin now for the long term, I have to be honest. If you're contemplating this question, it suggests you've already missed the critical three-year accumulation phase. While it may not be the smartest timing, historically markets tend to reward participation, sometimes even through irrational moves, so there's still potential for profit despite poor timing.

As for the current market phase, I don't believe the bull market has concluded. We're actually in the late stages, where euphoria is palpable, and there's a tendency for traders to FOMO into the market. From my perspective, this isn't an optimal entry point for early investors. Moving forward, risk management becomes paramount, and it's crucial to resist the temptation to chase after new highs driven by market euphoria.