in this drop how low can btc go before it starts going up again , any idea what is the resistance or what could the bottom floor be for it ? I was hoping around 40-42k but it seems that it does not want to go below 47k , what do you think ?
We have probably seen the lowest it will reach, there doesn't seem to be any situation at all that would make things any lower, sure it is crypto and we could always find something that would make things cheaper but the reality is that we are in a world where bitcoin may become 30k or 100k tomorrow, so only thing we can do is speculate about it.
I believe we have seen the drop but someone else may come up and say that we haven't decreased enough and we are going to see under 30k and I can't prove otherwise, but the weird thing is I can say from now on we are not going to drop any more and we will increase to insane levels without stop from this price and nobody can provide otherwise neither. So, when someone says it will drop and can't be proven otherwise and someone says it will go up and can't be proven otherwise, all we can do is just assume something and it will definitely be higher by my assumption.