Many think that Bitcoin (BTC) might have formed a bottom at $29,000, however, that might not be the case. Historical chart patterns and a simple understanding of moving averages will help us understand that Bitcoin (BTC) hasn’t yet bottomed in this bear market cycle.
On the brighter side of things which should always be considered, the thesis that bitcoin has not yet bottomed should give hope and offer an opportunity to people who want to enter the market and people who want to get more bitcoins for themselves.
for others this information should not distract you from your goal of hodling, whatever predictions you made about bitcoin and which ever amount you set as target when you invested in it is still very much attainable.