Will BTC go below 60K?

Last evening hubby gave me some news and I had a cold feet. He told me that there was one trader who has made a trade of some 400 million plus BTC. First of all I was thinking, is it for real, how can someone do such a huge trade. Hubby was explaining to me some dynamics of this trade, which I did not grasp it very well, but it is something like that if the price of BTC goes below 58K he will gain 50x amount of what he has traded and if the price of BTC goes above 94K then he will be at a total loss. I was like what? if he gains I guess probably he will be one of the richest man or at least in the top 10 because the kind of money he will gain, I do not even know how to count. I did some calculations on my calculator and I was zapped. If he loses I guess probably it will not make much of difference to him. If he has the courage to play it so big I am sure he must be having good reserves to take this step.

Hubby was saying he must be surely having some information to get into this trade, else why would he play so big and stake millions. Which probably can be true. I am thinking what will happen to the market if really BTC crashes below 60K, in such a case majority of the alt-coins may not even be able to survive.

Source

Then I went into an other direction completely and was checking out astrologically if it is possible, and yes it is very much possible. Saturn is moving it's position on 29th March and before that it can shake up some things, so there is a good chance of this drop. Though it may not be for a long time, it will bounce back also equally fast and then from there on we can see some light. As it is the 40% correction which was expected has not yet happened so this can be the one.

My son does trading at times, I have told him to not take any action for the next few weeks, it's all very unpredictable and a high risk also. It may or it may not, can never say anything for sure with the crypto market. Lot of unusual things happen here.

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