The price was going nuts and now seems to have stopped falling for now and also slowly rising up for a little while as well. What are your thoughts, is it going to fall more or would it start to rise again and recover all the money that was lost.
And what if this rise in price is just temporary and the price would again reach $34k and breach that support as well, what would happen then, what is the next support to look out for in case the market bleeds more in the coming days.
It seems to be the bottom for now, I think that right now bitcoin is not moving according to its own dynamics and instead it is moving reflecting the reality of the world, which right now is facing great uncertainty as we do not know if there is going to be another cold war being fought by the US and Russia, so the markets are incredibly unstable and this is being reflected in the price of bitcoin as well, so if things escalate then I could see the price of bitcoin going even lower than what we are seeing right now.