bitcoin is dead are words I've heard for a long time, and I always thought it was FUD. When something negative happens to bitcoin, people say bitcoin is dead. However, when the price of bitcoin recovers, people will regret why they didn't hold onto the bitcoin they had. Things like this always happen over and over again. Because of that, people who hold bitcoin are people who are willing to take risks. There's a lot of FUD out there, maybe even after this. However, the winners are the people who persist and continue to take advantage of the situation.
FUD is unmeasurable, it happen to everyone that haven't build his or her mind in the market. I believe so much in bitcoin because it provides aides and growth to the crypto market. Bitcoin is not dead, already making its way to $100k this year, such project consider dead? there are vast majority of people that have taken it as burden to procrastinate Bitcoin and ruin the projects with their negative feedbacks on the projects. One of the these set of people are the government, they don't want anything to do with bitcoin because they believed it's of no use and this usually out of line.
Now i get, he thinks bitcoin won't get to a 100k anymore just because of this little consolidation, yeah it was bound to happen, FOMO FUD whatever makes people sell, bitcoin Was gonna consolidate soon and everyone knew that, bitcoin is still recovering and might not exceed 80k till after the halving, who knows but I'm sure we would hit 100k this year.