A prominent market expert has issued a concerning prediction regarding Bitcoin’s price trajectory, suggesting a significant potential dip to $70,000 if current bearish trends persist. This prediction has stirred investor concerns, particularly given the recent downturn in Bitcoin’s value and a rise in options expiry activity. 180% increase in trading volume underscores a heightened selling activity within the market. The dip coincides with an estimated $5.6 billion worth of Bitcoin, Ethereum, and XRP options set to expire – a known trigger for volatility and price fluctuations. Additionally, recent comments from Federal Reserve Chair Jerome Powell have added to uncertainty in the market as he failed to alleviate concerns regarding the Fed’s upcoming policy rate decision. This uncertainty has heightened market tension, fueling speculation about Bitcoin’s potential downfall. Despite the pessimism, some analysts remain optimistic about a possible rebound. A renowned analyst on X (formerly Twitter), Michael van de Poppe, believes that the current downturn in Bitcoin price may have concluded, citing key levels to watch for future movements. Van de Poppe predicts a potential dip to $112,000 before any further surge, with support level at $110k or even as low as $107,000. On the other hand, another expert on X believes that Bitcoin’s price may break through resistance at $123,288 and potentially reach new highs. While this potential for a comeback remains optimistic, investors are urged to remain vigilant regarding key support levels. The market dynamics remain volatile, requiring continued caution and close monitoring of the market trends.