I will salute you all as I ride a Llama all the way down!
Thank you, the Llama ride going all the way down to $60,000 after Bitcoin’s new 6-figure ATH will perhaps be truly hard to accept, and full of stress and anxiety as well. HODLers will need your support, and encouragement. I salute you for saluting.
Just look at the data and do a little math. The downtrend has resumed in earnest.
Then you should zoom out, and do a little statistical math yourself, and see in what trajectory Bitcoin has been on since 2010/2011. Plus consider that M2 Money Supply is in its ATH, and Velocity of Money is in its ATL because of the pandemic. Do you believe the people will continue to HODL their cash savings when the economy opens up again?
https://fred.stlouisfed.org/series/M2SL
https://fred.stlouisfed.org/series/M2SL#0