Most are starting to believe the bear market is over and it's time for the bulls.
I'm sure there are also those who don't want this situation to happen because they haven't had the chance to own Bitcoin at a bear time.
But it will not affect the current price support.
What do you mean? they have the chance to own Bitcoin, if and only if they do DCA and bought when when we are less than $20k. There are a lot of opportunities for us to get in around this price. Remember that we have two lowest lows for that year, and the last is around $15,500. But the problem is that there are investors who are likely waiting for the price to hit around $10k-$12k. They are hoping that the price will still go down hard and wait for that opportunity that eventually didn't happen. But who knows, maybe there will be one final crash, but I'm not seeing it going to $10k though.
We need to pay close attention to the second week's closing price. If it gets past $31K then I believe $40K is a good price this April.
The resistance now is $30,500 and if we can break, then another bullish structure will form. And we all know that it takes a couple of times before we can break that resistance, and it's not a one time test. So we will have to wait, just like when majority says that $30k will be broken in March, it takes at least 12 days before we can finally break it and sustain that run.