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 just 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 there’s some institutional game-playing, with some coming in and some leaving?
But regardless, in the short term, it can almost stabilize or rebound for 1-2 weeks (after all, such massive liquidations have been absorbed), and then it might continue to fall into a bear market. After all, with each decline of 80-90%, the space below Bitcoin isn’t small. 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, wait for the intelligent agents to take over Bitcoin. As long as there are more coins, the anxiety about the future will be less. 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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