what are your thoughts on this? Is a further crash on the horizon?
Nobody will tell you that because many things depend on people's decisions. If the US government continues to destroy the stock market, we will have a crash and a recession.
Does it mean bitcoin will crash? Again, we don't know because bitcoin is already below 200 WMA and it already was below the level of miner capitulation. It doesn't have much crashing space left at over -70% from the top.
My opinion is that if stocks keep crashing bitcoin will be crashing less because it already did a hard correction. It became more oversold than it ever was. People were anticipating the worst and whoever was considering selling with a loss did it 2 weeks ago. Eventually people will start to move their money from other assets into cheap bitcoin that at 20k USD has a much greater potential to go up than most stocks.