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A recent Deutsche Bank Research survey reveals a bearish <a href="https://www.bloomberg.com/news/articles/2024-01-23/retail-investors-are-bearish-on-bitcoin-after-spot-etfs-launch-survey-shows?utm_content=crypto&amp;utm_medium=social&amp;utm_campaign=socialflow-organic&amp;utm_source=twitter&amp;embedded-checkout=true" rel="noopener noreferrer nofollow">outlook</a> for Bitcoin among participants, with a third expecting the cryptocurrency to drop below $20,000 by the end of 2024.&nbsp;
This sentiment comes amidst a backdrop of significant price fluctuations.&nbsp;
The survey also stressed that about 10% of respondents see Bitcoin stabilizing between $20,000 to $40,000, while approximately 25% are more optimistic, anticipating a rebound to levels above $40,000.
<h2 id="global-uncertainty">Global uncertainty</h2>
The survey outlined regional perspectives on Bitcoin's future price, revealing a global sense of uncertainty.&nbsp;
U.S. respondents showed the highest level of pessimism, with the majority expecting <a href="https://u.today/3-reasons-why-bitcoin-btc-might-fall-to-35000-and-its-okay" rel="noopener noreferrer nofollow">Bitcoin</a> to fall below $20,000.&nbsp;
Eurozone participants were slightly more hopeful, with fewer falling into the most bearish category.&nbsp;
In the UK, expectations were spread more evenly across the price range.&nbsp;
<h2 id="the-most-recent-bitcoin-price-crash">The most recent Bitcoin price crash&nbsp;</h2>
Bitcoin's value took a sharp hit today, plummeting to an intraday low of $39,494.65, which dragged its market capitalization down to $784.8 billion, alongside a significant 24-hour trading volume of $30 billion.&nbsp;
There has been a marginal recovery with Bitcoin trading around $40,032.
The current downturn in Bitcoin's value is primarily linked to massive outflows from Bitcoin ETFs, particularly from the <a href="https://u.today/bitcoin-btc-price-keeps-crashing-as-grayscale-deposits-588-million-to-coinbase" rel="noopener noreferrer nofollow">Grayscale Bitcoin Trust</a>, which saw an unprecedented $640 million exit in a single day.&nbsp;

Shock Deutsche Bank Poll: Bitcoin (BTC) Could Crash Below $20K

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