Feb 24 • Bitcoin Talking Points
Is 65k the BTC bottom?
Bitcoin has dropped below a "critical" price support level and people are freaking out all over the internet but this honestly feels like the March 20th 2020 COVID reaction when Bitcoin dropped all the way down to 4k per coin.
We're no traders but man this does seem extremely similar, except this time instead of a potential world ending virus its fears about AI and the economy. The market response seems really overplayed, although one thing is certain, there is definitely less money entering the market and this adds fuel to the fire. Ultimately as we've discussed before, AI adoption only helps Bitcoin rise, remember that!
What do you think? How are you feeling about the current draw down?
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Is 65k the BTC bottom?
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