Quote from: Dave1 on June 22, 2022, 05:36:00 AM

Quote from: Fundamentals Of on June 22, 2022, 03:57:56 AM

$30,000 is too high before the selling continues. For the past days it seems the selling resumes as soon as the price bounces back a little, to even as low as $21,000 or $22,000. This doesn't look good at all. It seems the sellers cannot anymore wait for the $25,000 or $30,000 levels to be reached before they will continue with their thing. Does this mean Bitcoin's price still has a bigger room to fall? In any case this is indeed a long term game. And I'm in.

They are shorting bitcoin again, specially for those who bought at lows of $17k, easy profit for a $22k pump. And now we are in the $20k range and there could be more selling pressure. But just one good news in this bear market might push it to $25k though. Give it over like a month and see where the price will go, I think $25k can easily be breach.

Yes, I guess there really are a lot of short right now. The fear level remains high and the negative outlook is still there. There are polls I've encountered on social media sites which suggest that the hard times are not yet gone and the fall has not yet reached the bottom. We are still in the middle of the bear market. But I agree with you that it will probably just be a matter of a few weeks before things could get better. $25,000 is an easy target in this case.