yep no meaningful btc support until 20k. But even beyond that its hard to see any discernible drivers on the horizon that can propel this back in the short to mid term. very fragile.
exactly. sentiment is rekt and the markets are in turmoil + inflation, food shortages, energy increases. All are gathering to create the perfect storm.
I always said btc would retrace to $25k, mind you it did take its time getting there, longer than I expected. Will I be buying now, no way not on your nelly.