I'm looking for a good re-entry point and thought I'd canvass the group to see where you think the bottom is before she starts her climb back up through 42K and beyond?
I am thinking around 20K.
Any guesses? If so, why (sentiment, support levels, etc)?
Thank you.
Happy 2021 and good luck to you all!
There is bearish sentiment on the current level. I can see a lower 24k to 23k level. If this is hit price will be retest again and if break out again down to 20k and maybe start again another round of bull wick.
I'm not so sure of course just basing on my personal TA but mostly believe it will not so easy go down to 20k level at this is the institutional price where majority got enter bitcoin.