I agree there was a lot of market hype, but I do recall watching this one video where this trader dude (Gareth Soloway) actually did predict the drop to $20K on March 28th when it was around $47K. I haven't really followed him in depth or watched all his content so I can't really vouch if he's consistently accurate or just got a one-off correct among the many thousands of price predictions. He also obviously never predicted the LUNA / stablecoin shitshow that sparked this either.
He now calls for 12k, something done in post #10,728 in this thread also. If you are gonna pick bottoms and survive, I`d say this:
*Decided a max position you want to take on a trend down by stacking.
*Hold something to add when the market starts trending again, and don`t add more until you see behavioral changes.
Find a long term trend filter and read up on signs of a market bottoming. Some people, and especially investors tend to say "it is impossible to time the markets" Wrong. If you don`t time the market, and manage your risk you will over a long enough timeline go broke. Especially in these times with such a weak macro environment.
Nothing is too big to fail. If you don`t believe me go have a look at Deutche bank (DBK)