Bitcoin sees record $10K drop as model says $93.5K may only return in 2028

Bitcoin experienced immense volatility this week, recording one of its largest single-session price corrections, plummeting approximately $10,000 from recent local highs. This significant drop has erased billions in market capitalization and heightened fears of a prolonged bear market among retail and institutional investors alike.

Further fueling investor anxiety is the reassessment by leading quantitative models. A prominent long-term forecasting framework, which previously maintained an optimistic timeline for BTC to hit a value of $93,500, has now drastically revised its expectations. According to the updated analysis, the model suggests that the flagship cryptocurrency may not sustainably reclaim the $93,500 milestone until 2028. This pessimistic recalibration implies a multi-year accumulation phase and forces investors to adjust to the possibility that the post-halving peak target is significantly delayed, suggesting a much deeper and lengthier crypto winter than previously anticipated.

Source: Bitcoin sees record $10K drop as model says $93.5K may only return in 2028