Bitcoin is predicted to risk falling to $80,000 in a potential bull market correction, according to Chartered Market Technician Aksel Kibar. Despite attempts to reclaim the $100,000 support level, Bitcoin's prices have trended downwards, with targets suggested between $90,000 to as low as $80,000. Kibar analyzed the daily charts, identifying a potential head and shoulders pattern indicating a possible uptrend breakdown, with the $80K price target being significant. Meanwhile, despite bearish trends, there are signs of a potential market comeback, as Bitcoin whales have begun moving stablecoins to exchanges, suggesting future buying interest. This could signal a bullish turn as the end of 2024 approaches. However, it remains uncertain whether the price will dip as severely as some analysts suggest, with many traders predicting a less drastic correction.

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