BTC has reached yet another local low below $20,000 before bouncing back above this extremely important key level on lower time frames. Most other markets including the S&P 500 and commodities have also seen strong drops over the last 48 hours, and this could continue depending on the development of global economies.
BTC and crypto are no exception, however, there are a couple of crypto specific events in the next few months, that could save this market from extreme drops. BTC must hold above $20,000 to give the bulls a chance from here.
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