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?.
looking at last year's situation, bitcoin should have fallen to 28k before the pump. so there is still one more resistance point, and the bearish trend is still very strong. most likely there will be a repeat like last year. and if this resistance point is broken, the market situation may be worse than last year.