Yet another worst scenario of the year for BTC, the market was okay till it went to $5k but crypto has changed its intention this time and want to give a scare for everyone who have Invested in this. Being strong still and have faith in BTC.
Lol. Detractors are having the time of their lives now saying "i told you so" 😆 the decline was sudden and steep and i don't think many were expecting it. The bubble popped, but i'm waiting for it to be inflated again.
you can't call this a "bubble pop" and then also claim that "nobody was expecting it" and also "was sudden and steep". these two prove that it was manipulation not a natural drop. when majority of investors don't expect a drop, they buy and that was the consensus above $6k, everyone was accumulating then the dumps came out of nowhere.
hence my point of this being an inverse bubble or you can call it an "artificial low"
6k was nice example of a bull trap. Be prepared that your so called "inverse bubble" can continue for years. I still can't see any signs of recovery. There's major support at 3k now, but what will happen when we go close to it? There's probably a mine field of stop loss orders which can trigger another downwards explosion like we saw at 6k.