Is this all planned work or just the brutal of a bear market because it seems that in every bear market worst things like this always happens.
Now I have no choice but to believe that 10,000$ BTC is possible.
I wouldn't call it planned, neither call it spontaneous. Whales, traders and ordinary people saw bitcoin price jumped to +$21k and with the long time below $20k, I think it is normal to see them selling a part of their funds or trading violently to get as much profit as possible.
We are now under $17k which is low and not profitable imo. It is actually time to buy. If the price will continue getting down then it will be driven by other big things.
This dip is anything but normal. Its the deleveraging of one of the biggest players in the space. Until FTX has sold off their assets, the market can only go down. Hopefully the pain happens fast and those that buy the dip are rewarded. Im a bit concerned as we head into a recession with 2 more years of Biden and nothing but bad news in the horizon
That is hopefully a signal of the bottom and buying time.