What was that drop to 17,800 about?
From Celsius pausing withdrawals to Blockfi needing a bail out of 250 million dollars and now possibly giving a piece of their company to FTX things look pretty scary. Miners are selling off their hardware and don't forget this group holds reserves of bitcoin. Luna(Terra) is destroyed and to top it off the Feds are raising interest rates.
Influencers Bill Gates and Elon Musk face off. Gates stating it's a fool's game and Musk is buying DOGE.
In spite of all this, bitcoin technology still works. I'd personally put confidence in it at $18,000, but, if you knock the price down that far I'd have to reevaluate what just took $4,000 off it's price.
Let's hear what you think about bitcoin price
Is a bitcoin bull stampede coming?
I'm obviously not a financial advisor, just an opinion That's All Folks!