We are aproaching the limit for bitcoin's distribution.
We have clearly reached the point in which it will crash (If you dont consider a fall from 20k to 6k a crash).
Once it breaches the 5,5k line the next suport will be around 2,8k but such suport wont have enough strenght to hold it.
So what i am saying right now is that if bitcoin goes below 5k, its gonna get to 3 or 2 digits pretty quickly.
That doesnt mean the blockchain trend is gonna end, but instead, its gonna reprice itself in a more suitable baseline.
We have clearly reached the point in which it will crash (If you dont consider a fall from 20k to 6k a crash).
Once it breaches the 5,5k line the next suport will be around 2,8k but such suport wont have enough strenght to hold it.
So what i am saying right now is that if bitcoin goes below 5k, its gonna get to 3 or 2 digits pretty quickly.
That doesnt mean the blockchain trend is gonna end, but instead, its gonna reprice itself in a more suitable baseline.