Crypto world is still a remarkable phenomenon in the world of many. Over the past weeks, the world has not been favorable to swing traders as the crypto king Bitcoin is on a dogged reversal from $8500 to $7800 and then within just last week it swung down a sudden pessimistic reversal of $6700 with an inverted cup. The market appeared to turn bullish on Sunday morning, but a sharp double bearish candle brought it down to the $6,500 level, which is now acting as support. Analysts hope for a rebound to $7,000, provided the price touches and holds the $6,200 support line. If that support holds, the market may rally upward. However, if it breaks, the reversal could continue toward $5,900. Otherwise, a strong bounce could send Bitcoin soaring before the week ends.

Analysts suggest that the recent reversal stems primarily from market fundamentals—or, more specifically, from large investors (whales) hoarding Bitcoin to accumulate more. Bitcoin ended last year at an all-time high of over $19,000. A price correction was expected, as many anticipated the high would reach only around $12,000–$13,000. However, a trader behavior known as FOMO (Fear of Missing Out) drove prices even higher, pushing Bitcoin past typical expectations. Many crypto experts and enthusiasts view the ongoing decline not as a collapse but as a temporary test for this emerging industry. They believe that once the market overcomes this downturn, Bitcoin will never fall this low again.

But generally, it stands that most crypto’s tilapia have much more despaired about the fact that the news around the G-20 might leads to a total termination of Bitcoin and its likes. But in all of this most professionals are telling their protégé to HODL which stands for hold with their strongest hands not just with empty hope but with the assurance that most emerging industries often have to face this kind of notorious persecution. Reinforcing, most professionals are saying that even if the case comes to the worst, Bitcoin will never fall below $5000.