Hopefully that we floor already, $3,200 is the lowest IMO and we will never see that again.
If we end up at $5,000 this year, it would still be fine for me and for sure everyone will happily accept it since its's a major improvement already.
I think that Bitcoin is in a good state right now because it has been experiencing the rise even above $5500.
This was much needed and has engendered a bull market that I do not know how high would actually go. But, we have already set in the deck for the Bull Run.
I believe that it is going to give back big profits in speculations and those who have been speculating for long would cash the profits with love. It is time to make use of the market trend or we will miss out.