A mate of mine also said "btc is dead". Nothing to suggest that .imo. The extreme views from both sides.."its dead"; "its going to the moon tomorrow " are amusing.
how low will it go before next run up..well that's anyone's guess really. if hypothetically markets continue recent downturn "risk on" assets will continue to cop it the most.. atm btc is largely held by people trying to make a lot of money over a short term..varies from person to person and there are some like skypilot thinking longer term .. those types of investors / gamblers will jump ship and continue the slide .
Ofc markets could rebound and btc would most likely follow if that happens imo. in summary im saying currently btc is behaving like a growth stock with a lot of upside already factored in ..
