Quote from: DU18 on December 07, 2022, 01:33:02 AM

Quote from: yudi09 on December 06, 2022, 04:41:31 PM

As our discussion before that we still need some time to look back at the price of Bitcoin trading at $20K and $17K is still a logical support price this week or even this month.

Highest recovery price currently reached $17.5k closing price yesterday but potential price will reach $20k in till the end of the year, bear market has been running for too long due to FUD influence from Luna and FTX crash has wrecked the market and we expect significant recovery till early next year, but another option that the worst possible case if the price support could be broken due to the low bitcoin price at $15k.

$17,109 was still yesterday's (December 7th) high and never crossed the $17.5K price point. For today the market situation is also similar to yesterday from our observations. Bitcoin started the day at $16.8K.

The Luna and FTX events are still a factor that causes the crypto market to not revive, but we can say that hope will start next year with a support price of $20K if in the last 3 weeks the market situation has started to turn green which is able to leave the price of $17K.