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.
We are not getting far from the tragic drops but the positive view that we see this time, it highlights some instances that $30k is really possible. We just hope that this will be no more panic selling and government banning scenarios that affect that trend. We probably see a happy face this time, especially those who bought Bitcoin in the past days when it was just below $20k.
Maybe we have to forget the bottom, I guess we're done already.
Over the past few days the price of bitcoin seems to rise above $21k and then drops down to $20k. This is like the market movement that happened around $28k - $30k before the price drop. Maybe this can continue for some time period before moving to the next step of growth. Maybe through this it can gain resistance for breaking the $25k barrier which will ease the market to reach $28k than $30k.