I still think that is happening, but if bitcoin continue to drop to that price, it will become the support but I know bitcoin will not fall below $70000. I mean a price not below $69000.
Do not believe what you are seeing on the news. When bitcoin was falling that time, there were several bad speculations but that is how people are.
There was actually strong support at $73k when you Look at the chart in 1D or even 1W time frame, that support was what I marked out as a primary support and will only be broken if there is any crisis the market faced, luckily my prediction came to pass as the tariff actually allowed us to visit this zone. The next support was actually at that $69k which if you ask me will take another negative news to actually make use get there, but realistically with the way the market has held up that zone will be hard to be broken.
For now the trade war is actually on hold for like 120 days which in my opinion will actually reduce the fear in the market and should we see the market dipping again I don’t think we are going down to the $60k OP is looking at, worst I see is actually the $69k which will also wouldn’t happen just like that, because I believe even with the tariff crisis people will start treating bitcoin just like gold