Yup.. I've been saying for a while now it wouldn't surprise me at all to see us drop below $5000.
Everybody is still far too anxious for a bull-run and overall generally positive about Bitcoin. A far stretch from the 'desperation' that really is required for a true bottom after a bubble.
It's like 2014 all over again.. both in charts as well as in market sentiment.
Dropping 50% from where we are would put is more or less at the equivalent of what was the bottom last time around, relatively speaking.
I'm not ready to buy more BTC with fiat until we're below $4500
edit: I don't care though, still HODLing, just like I did back in 2013/2014!
Yesss 4400 is one of my spots. I love it there! Thanks for reading