The analyst discusses Bitcoin's price action, noting that those who bought in 2023 are up 4x. He suggests that Bitcoin is currently healthy, despite a recent drop and fear in the market. The analyst references Bitcoin's overextension from its 200 SMA. It is mentioned that microstrategy has been rumored to be selling bitcoin. He argues that current market volatility cycles are due to fear and greed, similar to ancient markets but the market might be influenced because the big companies owning S&P 500 and also strategy shareholders, and the fear greed is due to their actions, also comparing it the bitcoin to S&P500 and gold having bigger volatility ranges on S&P500 and golds. Analyst points out a possible retest of 50K price point. Analyst points out two scenarios, where btc could hit 160k if it goes to 100k beforehand, or touch down to 50k before going to the same 160k. The analyst doesn't believe the recent events and fears are a reason to be worried on the future.