Krutika Adani
Arthur Hayes predicted Bitcoin to go below $50k in the next few days.
Bitcoin has been slightly above its $55k support level and could break down below $49k if it loses this support.
An indicator of market sentiments, the Bitcoin Fear and Freed indicator has already gone into extreme fear mode.
Any price movement below $55k could take Bitcoin down by another 10 to 15%. On the upside, fears of a crash would only disappear if Bitcoin climbs above $60k.
For those who have bought below $45k, it's best to HODL, but those already sitting on losses should hedge their position.