$4600 would prove wrong the theory that Bitcoin cannot go below $5500-ish, which is the guesstimated cost of mining one bitcoin that I've heard lately. So far it seems to be working. Every time it breaks below $6k it gets a huge buy that creates big candle of up to $400+.
This doesn't guarantee anything but it's another resistance to considering given past precedence.
As far as all altcoins going near zero... I am not sure the market as a whole is mature enough to realize how most altcoins are shitcoins and they just should be holding as much BTC as possible on their portfolios. So when the next hype for crypto comes, I still expect another altcoin bubble.
Aren't all theories put in a false hope? Literally people are making up excuses and reasons to dump crypto.
Why does it suddenly feel like crypto is all of a sudden just become dead? Is it only me?
Support is doing good at trying to help bitcoin be a little stable, but won't last for long,people are panicking too much, after all 9 months of continuous bear season doesn't give out a great feeling to anybody. So 4600$ is possible, but unlikely.