In my opinion YES Bitcoin will recover even after this huge crash . If you go back in time and look at the market cap around the January time frame you will notice that it usually has a big crash but then corrects , this gives me the idea that it will happen again this year and that is why i think it is a great time to invest into Bitcoin or any of your favorite altcoins but this is just my opinion .(I am no financial advisor I am just a individual that loves to trade crypto)
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