Anyone calling the bottom? I can see this hitting 6500-7000 before reversing back to 9-10k, at this point I'm not sure if selling and re-buying on the following dip is best or if this will rally well past 10k. getting antsy but being patient and adding on where I can.
I wouldn't really sell right now because prices are already so low. We're within $1k of the previous bottom of $6k, so it doesn't really make much sense to sell off now. Even if you time your trade perfectly, you probably wouldn't be able to make that much of a profit for the risk that you're taking.
I personally can see that we may go lower than $6k this time round, as the $6k support will get tested, and will potentially be broken as it is most likely not as strong as last time.
So being conservative, I'd say expect the floor to be anywhere around $4.5k-6k, which isn't that much lower than the current prices. But it could take some time and dips to get there, with adjustments along the way.