Haha!
People keep making these predictions on liner information (drawing straight lines)
No one considers how much buying pressure there is at these levels.
During the LUNA crash everyone realized they done goofed.
Easy to unwind all that leverage.
The lower we go the easier it is to support the price.
These same people calling for $8k then call for $4k if we actually get to $8k.
Happens every time.
I actually don't disagree.
Testing 11k would be safe and healthy.
Liquidity is being filtered through a needle right now.
It is not a reflection of the fundamentals or outside interest.
100% fear based.
The lower price goes the more money on the outside is waiting to reenter.
We are in V-shape recovery territory.
Doesn't really matter how low it goes.
Recovery will be fast.