People's emotions are ran ragged right now because even with a good say there is a sigh of relief and then we can easily get dropped kicked in the nuts the very next day. Most people are really feeling the pain and wishing they would have took more profits. Now a lot of them are upside down with some altcoins losing over 90% of their value at this point.

If you look at the last two crashes we hit lower lows. With this crash we have also hit a lower low. I really feel that the market is a pivotal point and could go either way because we keep revisiting these areas around $6,000. I could easily see it breaking wide open and going to $3,500 or $3,000 at this point still or I could see it stabilizing and going in an upward direction.

I can't really say where the demand is going to come from though because your general retail investors are in and out at the wrong times. It would be more seasoned investors and people who don't really need the money who can put money in and hold through it.

The millennial generation will likely hold down the fort but it is going to take the older generation who has more disposable income to come in strong with investment money. Another thing that I don't know ultimately is if we slip into a recession if crypto will surge or slump hard. You can't live in a digital coin so if money gets tight people might sell the crypto to try to pay bills.

Thank you for reading my post and please consider following me @brianphobos