Well, bitcoin is nearly at 50k again, ethereum at 2.3k levels, bnb managed to break over 500 too. It looks like whatever that crash was, it is over now, it is not crashing any longer. Now everyone has to think if that was it and there won't be no more, or if there is a bigger crash coming in.
I believe this was getting rid of all the debts, borrows, lending, long futures, even some short futures because they will take profit, getting rid of all of that and purely going back up again from 50k to 70k+ levels with another very powerful test. You may think I am a dreamer but there is enough money in the crypto world to test something like that, and that is what I believe will happen. Obviously we are not sure, maybe it will crash even more, maybe it will go under 30k in 10 days? Who knows, I just think that 70k+ will be tested in May after such a crash happened.
In February the price of bitcoin reached ATH at $58K and experienced a correction to $42K and then the new ATH was formed in March at $62K. Then we also saw the correction occurred on March 25 to $50K, then the new ATH was also formed in mid-April to become $64K. Now that the correction has occurred to $47K, is it possible to see the formation of new ATH again?
I think the pattern is still the same, but nothing really can guarantee that ATH will happen again. We just hope the Asian market doesn't have a bigger influence from Biden's new rule.