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.
I did not see it rise above $5,500 yet, the highest price it has achieve recently was just around $5,300 and now stable at a lower price but still
at the range of $5,000 which is good since we just came from $3800 few days ago.
We can see this a good sign that the bull market could anytime pump not just bitcoin but some altcoins also.