The potential for bitcoin investors to make a comeback and pour their money again in this market is big, as we all know that bitcoin is the prime mover. So no surprises here, past couple of weeks this start of the year, the market is on a recovery phase.
But I wanted to see the market going into $1 trillion market cap, that is a good indication maybe if we won't see another lower lows for other coins including altcoins. Hopefully, as you have said $30k will be the next target for this year before the block halving.
The potential you are talking about is highly correlated to the economic signals in the USA as the biggest market leaders are there these days. In addition, the recovery that happened a few days ago was due to the inflation rate moving down, this imposes less interest rate increases, which results in investment assets going up.
I hope this is the start of a recovery in the market, but looking at the current inflation rate as well as interest rate, it seems there should be a long way before we start talking about serious recovery, as the inflation rate is still much higher than the targeted one.