Madman Says…
This wave dropped to 60,000. Although Bitcoin’s trading volume isn’t small, based on the trading data from seasoned traders, it doesn’t seem impressive. So if this isn’t seasoned traders bottom-fishing and taking over, where are these support levels coming from? Are new traders willing to take such risks? Could it be that institutional players are playing a game, with some entering and others exiting?
But regardless, in the short term, it can almost stabilize or rebound for 1-2 weeks (after all, such large liquidations have been absorbed), and then it might continue to fall into a bear market. After all, with each drop of 80-90%, the space below Bitcoin is still significant. Everyone says each time is different, but in the end, it’s always the same. Forget it, just endure honestly. Anyway, in a few years, it’s almost certain that AGENT will take over the blockchain. When that happens, let the intelligent agents take over Bitcoin. As long as there are more coins, the future anxiety lessens. Maybe that’s the power of faith.
Everyone is predicting the final bottom of the bear market, so I’ll give a wild guess: 27,000.
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