The cryptocurrency market has failed to live up to traders' expectations as the bitcoin price is still struggling to get back above $40k. Bitcoin's attempt to hold its price above $40k indicates the sluggish momentum of the crypto market. For almost a month now the bitcoin price is between $37k-$39k. Currently, the price of Bitcoin is trading at around $38k. If bitcoin fails to maintain its $38k price range, it could drop to $32k in the near term.
your speculative post is not even close to what had happened because bitcoin not only drop to 32k instead below 30k and almost fell down below 25k .but assessing the movement of bitcoin since early May and now Early June? both as dumping and continues to lower the value .
so Maybe we are looking for more lowered positioning in the next following months .