BTC still seems able to survive after being slammed from 97 to 82 then slammed again to 59.


Initially the market couldn't hold at 97 and 82, but from 77 to 65 there started to be resistance+the market has started to adjust (starting to have some immunity), now it's slammed again to 59-65, there's a possibility it has already withstood the beating.
If there's another slam, it means it will be the last, maybe a rebound has already started from here.
Why? Well look at other markets, gold has already bottomed at 3800-3900 and is now starting to recover around 4000 recently. BTC didn't fall as much as gold.
In the 60-65 range, now it's BTC's turn to catch up like gold, because these two markets have similar characteristics in opposing traditional currencies, especially USD. Later we'll see, the US already has inflation, the dollar will weaken. Where will it go? Those holding dollars will definitely go to other assets, whether it's gold or BTC.
Those two assets are in my opinion the safest to survive when the debt crisis comes.
Because the debt crisis will hit one of them, stocks.
And now institutions/individuals are pumping their money completely into US stocks whose value is already unbalanced, while their economy is inflating, so it's like forcing it.
That's just my personal opinion.
There might be mistakes in words, please understand because I'm also human🙏$BTC
BTC-2.08%
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