Right now I have no idea what will happen with stocks. They should go down however everybody is calling for a recession and most likely that won’t happen. So there is a good chance they bottom somewhere where nobody is expecting. Also many stocks are like 80% from ATH pretty much. Many already capitulated like with Facebook and Netflix.
But there are people on the forum who stubbornly refuse to believe that bitcoin correlates with some markets, think that bitcoin is an independent asset Well, of course it is not. Bitcoin is very closely correlated with technology stocks, and this shows up very often. I think that bitcoin will decline following the stock market, because the Fed's policy for 2022-2023 will contribute to this.
I can't predict how much bitcoin will fall in the medium term, but I would like the price to hold 30,000. If we break the key support at 30,000, then this could be the beginning of a deep bearish trend.