This might not sound well but there is a possibility of bitcoin trading Bellow $17k. I see a massive selloff coming.

Still remember  The MT GOX rehabilitation plan made on October 20th 2021? Oh! Let's recall the past.

On 24th February 2014, MT GOX exchange was hacked. The exchange lost about 850,000 BTC which 750,000 Btc belongs to investors while 100 BTC belongs to mt gox. Before the hack in 2014 there was a massive bull run where btc went from $13 in 2013 to $1182 in 2014 with a 9000% profit. In 2016 MT GOX went bankrupt with a total lost of roughly 2.4 trillion worth of btc. This impacted on the market so much bringing btc down to 36%.

Back to the MT GOX rehabilitation plan. MT Gox promised to compensate the investors who lost their funds during the hack with 137,000 BTC This August 2022.

Note: on July 6th, 2022 we heard on news that an email was sent to the investors that lost their funds during mt gox hack giving them option to specify if they would  to receive in BTC , BCH or USTD.

Now, let's go deeper. With 137,000 BTC worth roughly $2.8 billion or let's say $3 billion in the hands of investors, what do you expect they do with it? I see the number of investors that will selloff to regain  what they lost outweighing the few that will decide to still hold. offcurse the sellof won't happen all at once. Considering the principle of the market, if the number of investors that will sellof outweighs those that will HOLD, what do you think will happen to Bitcoin? I will leave you to answer that.

Well, like they said, you can only predict the market but can't be 100% sure of your prediction. Let's watch and see.