It is unknown. IMHO, we probably won't be seeing $20k again and the support has already been done on $30k. If you want to get an entry, this could be the right time.
It sits on $33k.
Yeah right? 33k just might be the level of support we'll see before we go up again. We may have seen the pull back everyone has been talking about already (down to 30k a few days ago). I missed that one.
Now waiting to see if:
a.) we retest that low (around 30k)
or
b.) we break to new lows .. ie. 20K or there abouts
or
c.) we simply don't see those lows again and it's up from here??!!
Hmmmm..
It has gone up again to $36k. That's expected although for the lower prices, we will never know and won't be accurate how much would be it going soon.
But if this continues again, we'll get into another breakout on $40k+. I prefer to say the choice of C.