Bitcoin crashed countless times and always made all time new highs, why would it be different this time?
The whales are accumulating as we speak and buying all your bags cheap. Do not fall in the trap.
The sentiment is very low, I see anger and depression all over the space from investors, guess where those emotions show up on this market cycle graph
While the price tanked, there were positive developments in the fundamentals such as :
1.Hash rate grew 3 times even though the price declined, price usually catches up to hash rate, same principle as precious metal mining cost as gold, the supply is way to much and demand to low but the cost of producing bitcoin increase dramatically, usually an asset hits bottom at cost of production, estimated for bitcoin as 6000 dollars as an average value
Institutional acceptance and possible eft
Technical factors such as lightning network and the fast speed of transactions as well as low cost