Bitcoin $BTC continues to drop. CryptoPotato suggests that this is a correction that could potentially push prices back to the $50K range before going up again. Bitcoin is currently in correction mode. A correction is to be expected after half a year of steep ups.
Other factors such as war, recession fears, inflation, and reduced ETF buying all contribute to the bear sentiment. Layers of support are at $60K, $56K, and $52K, each one becoming more likely if the one above it is broken.
My views on the market are in line with CryptoPotato analyst views.
I am just sharing my views on the market and I don't intend to give trading advice whatsoever. What you do with your money is entirely up to you. Always do your own research.
