BTC seems like it can survive, after being smashed from 97 to 82 then smashed again to 59. At first the market couldn't hold from 97 and 82, but from 77 to 65 it started to fight back + the market started to adjust (starting to have a little resistance). Now it's being smashed again to 59-65, there's a chance it can withstand the hit. If there's another smash, it will be the last, a rebound may have already started from here. Why? Well, just look at other markets: gold has already bottomed at 3800-3900, now it's starting to recover in the 4000s. In recent days, BTC hasn't dropped as hard as gold. In the 60-65 range, now it's BTC's turn to follow gold, because these two markets have similar characteristics in opposing traditional currencies, especially the USD. Just wait, the US is experiencing inflation, the dollar will weaken. Where will it go? Those holding dollars will definitely go to other assets, whether gold or BTC. These two assets are, in my opinion, the safest to survive when the debt crisis comes. Because one of the things that will be hit by the debt crisis is stocks. And now institutions/individuals are sucking their money dry 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. If there's a wrong word, please understand because I'm also human🙏$BTC

BTC-0.63%
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