Bitcoin respected its last strong resistance of 29,000$ now its recovered back to 31,000$ and it looks like its not done yet, pro traders out there where do you think this is heading? Is the free fall over or this level won't hold for long either?.
*strong support of $29K*
As usual, there are mixed predictions on bitcoin. Some charts I've seen predicts BTC bouncing back to $36K before dropping to the 2022 bottom at $22K (falling wedge). There are no exact months before that pattern is completed but 2023 will probably be the next recovery phase until the next bullrun.