Bitcoin price CRASH: Analysts think cryptocurrency could be reaching its BOTTOM
BITCOIN could be reaching the bottom of its bear run as experts speculate the cryptocurrency could fall in the $6,600-$6,000 range over the weekend, it has been reported
I think bitcoin will not reach the bottom because many whales don't do that maybe 6k price is the last price and it will be rise again this coming months or maybe next year. And I think many people holdler don't care about the price because they believe that crypto will survive this bearish situation.
What do you think a bottom is called? If bitcoin tend to reverse from here onward without going back below $6k in the long run, then $6k remains the bottom. You absolutely cannot know a bottom until you have reached it and there is a clear signal for a new trend and in that way, you can make the statement that the bottom is reached.
For now, I would not even be calling any bottom yet, because there is no assurance that if we go back testing the $6k region it would hold and with that, we won't go back falling down more.