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Bitcoin has plummeted again! As of 18:10 on January 24th, the price of Bitcoin has dropped below $34000 per coin, marking the first time since July last year. The past week has seen a drop of over 20%, and this year it has fallen by nearly 30%, almost halving from the historical high of $68928.9 in November 2021.Analysts point out that since the beginning of this year, the higher intensity of regulation by global regulatory agencies on cryptocurrency assets, including Bitcoin, as well as the strengthening expectations of the Federal Reserve's tightening monetary policy, and the widespread selling of US technology stocks, have been the main reasons for Bitcoin's sharp decline.Falling below $34000Coindesk

A highly regarded cryptocurrency strategist has stated that Bitcoin (BTC) may lay the foundation for a significant rise in the coming months as the king of cryptocurrencies replicates the parabolic rebound of nearly a decade ago.Pseudonym analyst TechDev told his 409100 Twitter followers that multiple technical indicators suggest that Bitcoin may be mimicking the 2015 bull market, during which it rose from less than $200 to $20000 in about two years