Things seem to have stabilized for the time being but of course, a new drop is not out of the question. On the other hand, maybe the bad days are over and a new spring is about to begin.
What do you think?
Well, it is quite stable at the price of 5k USD which will at least bring the paradigm that the price will recover. and can change the perception of many people about bitcoin and cryptocurrency will end. This is not the end but this is the process of Bitcoin recovering and the price moving up.
I can totally see a retest of 5200, but every dip is being bought so I think it will only be there for a very short amount of time.
If we go to 5k, we would be breaking this support and i'll be stopped out. I've been trading that support with a lot of success.
