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BTC still seems like it can survive—after being dumped from 97 down to 82, then dumped again to 59. At the beginning, the market couldn’t hold from 97 and 82, but from 77 to 65, resistance started appearing. + The market has started to adjust (it’s beginning to show a bit of immunity). Now it’s being dumped again to 59–65, so there’s a possibility it can withstand the dumping.
If there’s another dump, it might be the last one—maybe a rebound has already started from here.
Why? Just look at other markets. Gold already bottomed at 3800–3900, and now it’s starting to recover in the 4000s. Yesterday, BTC didn’t fall as much as gold. In the 60–65 range, now it’s BTC’s turn to follow—just like gold—because these two markets have similar “characteristics” when it comes to going against traditional currencies, especially the USD. Just watch: if the US has inflation and the dollar weakens, where will the money go? Anyone holding dollars will definitely move into other assets—whether gold or BTC.
In my opinion, these 2 assets are the safest for survival when the debt crisis comes. Because the debt crisis will affect one of the things it hits: stocks. And right now, institutions/individuals are sucking up all their money into US stocks that are already out of balance in value, while their economy is still experiencing inflation—so it feels like they’re forcing it.
Maybe that’s all; this is just my personal opinion. Maybe there are some wrong words—please understand, because I’m also human🙏$BTC