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!
$20k is possible, but the chances for Btc to bounce back during that time might be slim to non, thus you will again wait for a 3-4 year cycle for the next bull season. But ultimately, the best entry point is during the bear season.
At this current rate, It seems that Btc has no plan on coming back down to that level as we still have a lot of investors that's coming in to the crypto market, and a pretty good numbers of good news for Bitcoin to continue surging, probably up to $50k.