There's two major theories here. One is the bearish descending triangle. If it breaks down, most traders are aiming at the $2,000s or $3,000s.
The second is a rising bottom. Here's one example of a Wyckoff accumulation schematic:
https://i.imgur.com/w7zhUFK.pngWe need to see a sign of strength (SOS) to confirm. And if we do go that way, I don't think it'll be a bull run like last year. No ATH expected. I think it'll be a mid-term rally that tops near the $10K or $12K resistances, or maybe a bit higher.
I am not sure if the price will break down to $2k and $3k, but my lowest is on $4k-$5k. Maybe in the next year, we will see the price will rise again, and for the next month, I think the price will be stable at a price now, and the lowest of the price can be $6k. But everything is possible this year as we see many people are predicting that we will see the bull run from this month until the end of this year.
