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Just a few days ago. I wrote a post where I explained that BTC and all the cryptocurrencies could aim for a revival and I explained a few reasons why it is the possibility rather than the probability. Now as I am thinking of writing something again, I look at the market and voila. It is all red again. As of writing, BTC has again been reaching towards $98,000 all other currencies are currently following suit and they are also having a nosedive. But information about the current fall is not yet public. We will get that in the coming hours or days. For now let's look at some information which we have. 

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![1000017686.jpg](https://files.peakd.com/file/peakd-hive/abrar-fahim/23vhs818jcrnYHxzyL3vfKhFWEGkWuhLaSeYuZVXZKr911vCnaGi6K8opjKnVCCCQmGSo.jpg)
[Source](https://pixabay.com/illustrations/bitcoin-circuit-board-cryptocurrency-8629503/)

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By now it is common knowledge that the American government was in shutdown for the past month or so. And many expected that whenever this shutdown ends and the American government starts functioning again, crypto will see more inflows especially through ETFs. And those assumptions were not unrealistic. The shutdown went. The government was not doing anything with regards to crypto. Then just yesterday the bill passed and the shutdown was overruled. And today you have your whole market crashing down. So I was going to justify this situation and show some optimism that maybe the market will turn back towards bullish momentum. But then all my expectations were ruined by this new slump which is still ongoing. Mind you I started writing this post around 3 to 4 hours ago. Then I had some work to do and I came back to finish it and the market is still going down. So I guess it'll take some time to settle. At this point in time, the $100,000 support is the most important place to hold. Currently it is under it but after this trend settles down there is expectation that it will come back up. 

If this support holds and the government decides to spend some money towards crypto and if the trends resume retail investors buy in, only then we could expect an upward trajectory. Then there will be the next hurdle which is $110,000. Most retail short-term investors got in at this point and it was the last stable place before the crash we had a month ago. So these people would also want to make their money back.

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