Very rarely has bitcoin price gone below the 200 WMA and when it did it has recovered after a month or two. Not sure why $30,000 seemed to be checkpoint that took some time to go through other than it is a round number and maybe people had positions at that mark. Anyhow I see no reason why it cannot fall to the current 200 wma ($13,800?) after maybe slowing at $20,000 for the same reason as $30,000.
So I think bitcoin at its current price ($29,000 ish) is great buying but if people spread their buying out a little over time (next few months?) I think they will benefit even more.
To me this $12,000-$29,000 is the same opportunity we were all afforded when bitcoin was last "cheap " at about $250 in June 2015 and about $3,300 in February 2019.
Arguably with bitcoin on average doubling every year any time is good buying but now is a superb time to buy. And who knows when or if ever again the stars will be so aligned.
(this is not financial advice)
market has been manipulated and it becomes very unpredictable, but i believe 30k above is the real checkpoint because 29k is already tested since the hard decline but now it keeps holding at the current value and it's been how many attempts to break through actually but good to see it has a strong support .. Lastly for me indicators nowadays are not accurate anymore unless if you use most of the popular wherein tested indicators because on that way you can really tell that there's a possibility to go below the current prices in the future but if you base in just one perhaps it's not a good reason to trust..