Bitcoin is currently mainly in a state of high-level consolidation, however, many altcoins have dropped back to near their initial price levels. If the decline cannot be stopped at the current position and continues to explore lower levels, it will undoubtedly lead to a brutal crash in the altcoin market.

However, as the saying goes, one must break before one can stand. I actually look forward to this large-scale washout happening sooner rather than later. I have been monitoring several tokens that I am ready to invest fully in. If Bitcoin really falls to the price range of 77000 - 75000, I will decisively invest everything!