https://www.coindesk.com/bitcoin-bounces-back-from-sudden-dip-eyeing-move-to-8400/After dipping slightly below 8k, Bitcoin seems to have bounced back over easily today. This is huge as many were concerned that that it would struggle to find support at its highest point in a while. Everyone should be expecting a minor step below 8k anyways. This is just a minor correction as is normal with this type of growth. This will be a good time to load up and play along with the natural growth cycle.
Good Luck Traders,
The Elysian Team
I wouldn't say that it's the best time to load up right now, because there is still a prospect of a correction swooping in all of a sudden. It's not rare to see this kind of rally in a bear market, although they are usually short lived.
However, the signs for another pump is here.
$8k support, as you mentioned, is established pretty thoroughly. We can see that since price rebounded within a day of it dropping below the $8k mark and is now making its way back up to $8.2k. The major hurdle here is $8500, and if that is hit, it is a signal that BTC will most likely go over $9k in the short term.
But as I've stated before; I don't think that $6k is going to be the true bottom of the bear market and there is going to be a big probability we are going down further in this overall bearish trend, even though we are rallying hard right now.