I see BTC plunging to $40k. What do you all think?
$40k might be a bit too low, imo. I dont think bitcoin is going to reach that point.
I know there will a lot of fud since many people, mostly newbies, expect bitcoin to skyrocket after the halving event but all this downward trend is making them question the value of bitcoin. Further downward trend and they might really lose confidence in bitcoin.
But that is their mistake. This will not be the end of bitcoin and we should not treat it as such.
On the contrary, after the supposedly say, the price still continue to go up and break $65k and mostly going to look for the next psychological barrier of $68k. So there is no plunge as what the OP suggested, and the opposite happen. I think we should not be concern anymore, I know that it has been haunting us for years already, but then again, we are in the bull run and so it won't put any dent on the market or even the mentally of most investors here. We might just have to absorb it once again, and just wait for several days to settle down and we might be going back to the bullish sentiments.
