What do you think, what is the absolute bottom of Bitcoin?
How deep could Bitcoin ever go, again in the next 5 years?
My bet ist 30.000 $. If we would fall way
lower then Bitcoin has probably failed for ever.
you made it mate! Bitcoin price fell to $ 30k, and now it has increased again and is trading at $ 38k,
indeed there are indications that it will decline again because the $ 40k resistance has not been exceeded in the 1 day Time Frame,
I myself am still monitoring, should I cut losses and buy back or hold again
The price of Bitcoin has fallen quite deeply now, so we shouldn't be in a rush to make a decision. But I do agree that the Bitcoin price may still
fall again, after several failed attempts to cross the resistance price of $ 40k. We'd better monitor in advance until the end of this week,
if Bitcoin continues to fall my advice is to cut loose and buy back at a low price. But the decision is yours alone, just follow the results of
the analysis that you have done. Because following other people's opinions in a situation like this is very risky.
as no one can tell you exactly what will happen in the market, one week or a month from now. what you can do, is do your own analysis of the market situation and your situation. how far can you hold or how much can you afford to lose in this market if the price continues to go down? no one can assess your situation but yourself.
it is indeed hard to decide based from others' opinions because we have different situations in our lives. so if you think it is the best route in your situation, take it. but take note, don't regret it later.