Today bitcoin back to $4200. As we saw yesterday it was $3700. Is there any chances that bitcoin go below $3000? If yes then what will be the main reason for it?
It's definitely still possible. I might even call it
likely.
A bounce was definitely on the cards. Unfortunately, leveraged longs have only risen on Bitfinex since the crash began, implying that capitulation hasn't occurred yet. After the momentum from this relief rally fades, I think we'll see bears make another push.