The fact is that we are still alive and no meteors have fallen... neither has a volcano exploded and we are not under ash (things that the dinosaurs witnessed). For thousands of years they always proclaimed the end of the world and until now this has never happened... About this new variant, it is not as serious as they say. Of course, some politicians will try everything to use this as a populist resource, aiming to get votes and control the population, asserting how important they are to our well-being. All of them are very concerned about our health...
Looking at the 2-week chart, we have a long uptrend line that is providing support. Every time the price touched it or came close, there was a spike in the price, making it a great time to buy.
In the Fibonacci retracement from the last bottom to the last top, we see that the price is above the 50% level ($44,683). This means that the high has not been invalidated, at least so far.
Should the price break below the diagonal line, the next likely drop could be $28,800 and then $21,000 considering the longer-time Fibonacci retracement (since December/2018).