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.
Well its been 2 weeks now from your post here yet nothing comes close to 30k , and the price stays lowering up to now, though it keeps hitting 20k yet that is the highest it can bring from your date post.
I'm afraid that there are nothing we can expect this whole year , maybe we will be seeing more dumping in the coming months and up to 4th quarter there will be the same movement.
but at least we will not be seeing that 10k below prices because that is very hard and bad to look at for those who had been trusting bitcoin this whole year.
It is obvious that we have entered a period of low volatility on the market. Fortunately, low volatility sometimes causes big moves on the market, which is something we are all waiting for. I think this coming week will be decisive as if the sell-off is over and if the market will be making a large move upward or downward.