I Think bitcoin could go toward 30k range again For a relief rally. Then come back to current range or even more dump possible . If btc would go toward 30k range most of investors will sell it again. BTCBTC
Bottom is in when the derivatives market is shorting $BTC into the dirt after the brunt of the spot selling has taken place. i.m.o we are currently in a bottom level. must be make an Uptrend from here. what ever it is this isn't short term game.
The current price is around 20K while 30K is 50% growth on the current price which is not usual for a relief rally. It will be a breakout if the happened because it already broke the psychological resistance which result to fomo buy by retail traders. 25K seems achievable for a relief rally because that's the price for EMA8 line and probably Bitcoin will bounce down immediately once it hits umless the buy pressure is so strong to maintain its buy power above the resistance and established a support there.
But I still believe that 30K level is the price that we might not see in the near future except when something good news occur.