But you must take into account that in March there was no reason for the crash either. Bitcoin is an anti-crisis asset, so the March events should have happened exactly the opposite. But you yourself saw how it all happened. Therefore, I believe that almost at any moment anything can happen, a big rise and a big fall. Ordinary people cannot guess this, maybe whales have more awareness/capabilities, but they are also not unlimited.
Covid19 was the reason for the market crash. Everything went down (even gold) if I remember this one correctly. Didn't it happen on the same day or the day after WHO made the official pandemic announcement? If that wasn't enough to crash every financial market there is, then I don't know what is.
Nuclear maybe...
Now the first shock is gone, there is no guarantees that we'll be having a slow recovery. A slow death spiral is still in the realm of possibilities if these newly founded vaccines don't work effectively. Even if they work... it will take years before everything goes back to normal.
everything goes back to normal.We cant deny that this pandemic is really the major factor that do really affect economies around the world and we cant deny nor neglect that this one do affect majority of the
market including crypto but to see o check it out back on how the price behave on these timeframe then it isnt really that much bad as we all know.
It didnt dropped to the floor but instead it do make some recovery and able to pull off that 12k price level and now we are still hanging or playing around 5 digit price levels which i can say it isnt really that bad.
Market price is still holding on and other markets as well is trying to recover.Cure might not still be present but we know we are already heading there.For the issue or talks about crashing twice as hard then
so be it, some might panic but there are some who would wait for that buying opportunity.