I tend to agree with you in the long if the price will go up, but this is not sure and we see many 10, 20% or even higher flash crashes during the last few weeks only and there are multiple examples in the BTC history with the price volatility ranging even to 50% in one day. Of course, it has bounced up slower or faster but it is hard to call such an asset a save haven.

I keep repeating my theory from the opening post that this huge volatility is caused by high leveraged trades and their liquidations. Such big flash crashes start from a biggers sell-off and are continued by the liquidation logarithms and with big enough initial dump speculators on the crypto market can cause insane flash crashes, like this one from 13 March, which brings BTC price almost to 0$ if Bitfinex would not take the switch off.