I still think that breaching $50k is an eventuality.
People are getting way too caught up in this current dump without realizing that it is entirely transitory. We have seen this sort of correction over and over again and some still don't realize that this is just a great buying opportunity.
Start DCAing at this level and you will make lots in the long term. No doubts about it.
The corrections that have occurred in Bitcoin today have happened many times, so there is no need to worry. From the start, we knew that
the price of Bitcoin was volatile and that there was a lot of price manipulation by whales too. I believe the Bitcoin price will recover soon and
will rise again above $50k next week. Because Bitcoin is fast to recover, so instead of worrying about the current situation, why don't we use
the Bitcoins price drop now to buy Bitcoins again. Because based on my analysis now the price of Bitcoin is very low, so it is very good to
collect Bitcoin now. So when the price goes up, we can get a big profit.