The market wants to make fools of us all.   It certainly can fall but the duration might be quite brief and the closing price (candle bar) would only ever show a stick not the bar as far down as thought impossible.  It will still trigger people stop loss before going back up again, this is just the natural path of markets I think.   People want to talk about whales but Bitcoin is the most distributed crypto and its really down to the spirit of the crowd and its confidence overall.


People who are too negative are forgetting how flawed dollar or just finance is world wide with its carry of politics budget deficit spending.  

People who are too positive are jumping the gun, the road is long and winding even if gains come we likely stumble and need to get back up again.   Any true market is challenged many times I think, so theres no doubt competition to bitcoin exists that must be surpassed