For the newbies, this was just a free sample of what is to come. If you remember correctly, 20 days ago the market had already tested 89k and recovered quickly. This time, the situation is different: we are not seeing a quick correction, and the most likely scenario is that the price will sideways for a few days before seeking a new lower level.
Of course, this is assuming that the market follows its "normal" cycle — if we can use that word in the crypto world. But come on, this is the scenario if nothing out of the ordinary happens.
Many people believe that this BTC bubble could be even bigger than we imagine. And everyone knows what happens when an American bubble bursts, right? The rest of the world pays the bill.