Despite Bitcoin's recent price drop to $65,000, Ben Armstrong, renowned as BitBoy Crypto, maintains a bullish outlook, projecting a climb to $100,000 by the end of 2024. The dip triggered uncertainty and selling in the market, yet Armstrong remains resolute in his conviction about Bitcoin's upward trajectory.

Acknowledging the market's volatility, Armstrong underscored Bitcoin's resilience, affirming that fluctuations are intrinsic to crypto trading. While the crash tempered short-term expectations, his enduring confidence in Bitcoin's long-term potential echoes sentiments from other industry leaders.

Crypto analyst Michaël van de Poppe identified the recent downturn as an opportunity for investors, particularly in discounted altcoins. Many altcoins are trading considerably lower compared to Bitcoin, hinting at a potential rally driven by Bitcoin's dominance.

Looking ahead, the forthcoming Halving event looms as a potential catalyst for Bitcoin's surge. Anticipation for a supply-driven rally, fueled by diminishing new Bitcoin supply, suggests further price escalation. Despite recent fluctuations, Bitcoin rebounded above $67,000, indicating resilience in the market.

The surge in trading volume, accompanied by significant long liquidations totaling $186.13 million, reflects the recent market dynamics. The majority of these liquidations stemmed from long positions, contributing to the downturn. Bitcoin's open interest decrease, coupled with BTC options expiry, further influenced market sentiment.

Amidst these fluctuations, Armstrong's steadfast optimism and projections underscore the enduring potential of Bitcoin, offering reassurance to investors navigating the volatile crypto landscape.