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?.
I think it's going to bounce back to 36k then would go back again to 29k. And I think the final decision whether bitcoin is going to be in the uptrend or in the downtrend is probably in the next few months. For me, it's to early to decide whether the downtrend is already over. Let's just hope that bitcoin will soon recover and that we can see an uptrend in the next few months. But still, let's don't forget to prepare ourselves for the possible downtrend because it is still possible though, no one really knows, bitcoin move sometimes is unpredictable.