What Now for BTC Prices?

As you know, in my last BTC article published on 1 August 2023, I stated “many BTC analysts issued predictions of continuing higher BTC prices that would soon catapult them into the $40k to $50k range”, and when I’ve looked at BTC metrics this month, it seemed a lot of gamblers took these analysts’ predictions to heart because quite a few bets were placed on BTC prices indeed catapulting higher than $50k this month. With BTC’s recent price plunge of 8.1% to $26,300, unless BTC makes a miraculous comeback this month, those significant bets will all expire worthless. On the contrary to these uber bullish analysts, after BTC hit $31,400 last month, I stated BTC prices would fall significantly into the end of last month to below $28,000.  Though prices ended last month a bit above $28,000, it only took 16 additional days for that price mark to be hit.

So now that BTC’s price has fallen to $26,300, what now?

Honestly, even though BTC’s price sharply moved downward to $26,300,