It’s hard to tell how long and bad this correction will be. Personally, I didn’t think bitcoin would go below 30K during this recession. Clearly I was wrong but now my assumption is that it’s highly unlikely it will go below 20K.
In my opinion, bitcoin is not going anywhere and it’s only a matter of time until it’s back at new historic all time highs. When you’ve seen enough of these corrections over the years, you’re not as affected emotionally and can stay rational.
At the end of the day I’m still bullish on bitcoin. I'm still a long hold on BTC and until the economy levels out and the war in Ukraine is resolved it’s difficult to say when we’ll see Crpto making big gains.
Thanks mich for the explanation given to me here actually I hope this Ukraine war is affecting too but we had no choice than to hold for a while God bless you.