US economy and the economy of the rest of the world is still doing well, in spite of the correction of February. People still have cash. This is why it hard to imagine BTC going as low as charts (from prior bubbles) indicate. Capitulation already happened in February when it dipped to 5.9k. Another capitulation is unlikely (but possible). There is another wild card. Dictators around the world could be looking to buy up BTC which could lead to a flat landing.
If the above thesis is right BTC will not go below 6k. However, one must be prepared for the worst.
If the above thesis is right BTC will not go below 6k. However, one must be prepared for the worst.