It is March 15th (well it will be in an hour here) and bitcoin has been stable in the 3700s and 3800s for a while now.
What do you think is the lowest price we'll see in Bitcoin's future? Is it about to push through $4000 and stay above the $3000s bottom? Will it head back to mid-3000s for a while? Will it retest the $3100s december low? Will it crash down under $3000? Will it remain strong in the high range of the bottom (high-3000s to low 4000s) for a while and not go much lower?
What do you think? What is the lowest price you see from here on out?
We're still seeing quite strong resistance at the $4k level.
I think that we've already seen the stability that comes at the bottom of bear markets, which would suggest that a recovery will be underway soon. Personally, as I've said before, I don't expect at this point the lows of the past to be tested. It is evident to me at least that a trend reversal will be happening in the future soon, if not already occurring, due to the fact that past bear markets have all concluded at around the same percentage loss(~75%) and time frame (1-1.5 yrs) as what is currently the case.
I think we'll hang in the $3k-5k range for a while though, even if the resistance at $4k clears. I don't think the market sentiment is that bullish yet, nor is it ready for a full on bullish breakout. It'll be interesting to see the psychological effects of halving on the market though, there could be some fomo there.