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Can $BTC go down more? Yes, it can. Anything is possible just remember 10/10 "glitch" bloodbath. Buy Bitcoin and DCA at the lows (55-65K) and be happy. The risk is ~10% drawdown vs the potential future gains that it will go above $200K. Generational wealth is made during the bear market bottom when it feels like utter shit. 99% bears are dirt poor. You can't be wealthy without being optimistic and investing.