The recession understands people like you who are facing Investment and financial difficulties. Do you feel that a bear market in risk assets mimicking the global financial crisis, big losses are yet to come?
Anything could happen, it could even go down below $10,000 and we should not be surprised by that. Actually, bitcoin is not affected much by the current economic status, just like before, when Covid-19 hits the world, instead of bitcoin dropping, bitcoin had a new ATH at that period which is very surprising.
What I'm saying is, bitcoin is unpredictable, so expect the unexpected to happen.
Yes, bitcoin market is very volatile hence it's unpredictable, I see one good TA here saying that $17,500 is already the bottom, but that was not the case because TA cant' see the FTX collapse. Even when the Covid-19 hits the world, we were all unprepared with it, the prices even drop so low at $3k, but yet we survived.
So for now, let's say that there could be a higher chance of $13k, and when we hit the price we should take advantage of it. I mean it is so cheap that we couldn't do anything but to buy and accumulate more bitcoins in our wallet.