The price of Bitcoin experienced a significant drop after reaching a new all-time high above $99,600. However, analysts believe that this may be a retracement rather than a true collapse. They note that the price of Bitcoin tends to be correlated with US presidential elections, and similar corrections have occurred in the past before the price resumed its upward trend. Some analysts suggest that the correction may conclude around $90,000, and the bullrun could resume after the Thanksgiving holiday. While projections indicate that the price could potentially surpass $100,000 and even reach $110,000 or $120,000, these are based on past trends and not concrete forecasts. Overall, analysts remain cautious in their predictions, but it is premature to declare a bear collapse at this point.



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