It seemed like the entire crypto market was bracing for Bitcoin to break the $100,000 threshold. It is, therefore, no surprise to the seasoned investors that the largest cryptocurrency fell below $92k today on Tuesday. 

Pullbacks and corrections are inherent features of a bull market. However, the global liquidity index is painting an ominous picture for BTC. 

The Global M2 Money Supply has seen a steep correction, falling by nearly $4 trillion since September. Jesse Cohen from Investing.com believes this could result in a Bitcoin price crash to $70,000 by the end of 2024. 

Big if true.

Bitcoin $BTC could fall back to ~$70,000 by the end of 2024.

Too many people were predicting $100K by the end of the year for it to actually happen. pic.twitter.com/JrFLIXYC9w

— Jesse Cohen (@JesseCohenInv) November 26, 2024

Is Bitcoin Still Worth Buying? 

Despite the recent correction to $92k, experts are in consensus that the Bitcoin price will surpass the $100,000 landmark. 

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Author: Adrian Barkley