Amid the fluctuating cryptocurrency markets, Bitcoin’s future value has been a fervent topic of discussion. Some projections indicate that BTC could soar to a staggering $180,000 by next year. This prediction has sparked debates on whether now is the opportune moment to invest and “buy the dip.” However, not everyone shares this perspective. Some analysts believe that the current bear market could persist for several months or even years, attributing this to the ongoing regulatory uncertainty surrounding cryptocurrencies. Technically, Bitcoin’s price has broken the major support level at $28,730. A bearish breakout below this level could push BTC towards $27,150, and further declines might see BTC approaching the $26,000 mark.