Bitcoin has been encountering intense pressure from all sides. The token is currently attracting significant volatility, spurred by factors such as the US government shutdown, elements that have been prompting Bitcoin to undergo multiple price fluctuations. In the midst of it, predictions of Bitcoin price falling to $79K have now started to take hold of the market. What does it truly mean? Let’s find out.
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Bitcoin Price Prediction: Details About Its Fall
Bitcoin has been encountering violent price fluctuations as of late. The token is now sitting at $103K, down significantly from its earlier ATH of $120K. Per the latest post by the Kobeissi letter, Bitcoin price has been encountering violent fluctuations due to leverage, which is adding pressure to its momentum as of late.
“What is happening with crypto right now? Crypto markets have now officially erased over -$1 TRILLION of market cap since October 6th. But why? The answer to this question seems to be more technical than fundamental. That is, crypto adoption is still at record highs, deregulation is in full swing, and technology is advancing rapidly. However, leverage is at unprecedented levels, which is amplifying moves in the market, such as the $20B liquidation seen on October 10th. As a result, when uncertainty arises or technical momentum fades, downward swings are amplified. 300,000 traders are being liquidated PER DAY on average, and the market has evolved into its most reactive form in history amid Trump posts and headlines.”
Will BTC Hit $79K?
According to CoinCodex BTC stats, Bitcoin may hit the $79K mark by November 3, 2026.
“According to our latest Bitcoin price prediction, BTC is forecasted to drop by -23.26% and reach $79,436 by November 3, 2026. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 23 (Extreme Fear). Bitcoin recorded 14/30 (47%) green days with 4.37% price volatility over the last 30 days. Last update: Nov 6, 2025 – 05:54 AM (GMT+5).”
However, it’s poised to regain strength and may eventually trade at $239K by 2030.
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