Bitcoin, the leading cryptocurrency, has been experiencing a downward trend after reaching $100,000. Analysts suggest that pullbacks are normal in a bull market and they predict critical support levels at $89,000 and $75,000. Recovery is expected, but it may take some time. Historically, Bitcoin has performed well in December. Standard Chartered analyst Geoff Kendrick believes the decline could continue in the short term, but previous predictions of Bitcoin reaching $125,000 by year-end and $200,000 by 2025 still hold. CryptoQuant CEO Ki Young Ju advises investors not to panic sell during declines.



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