I know the situation on checking the chart of bitcoin, no crypto will move so high as it did since January without finding a support at lower levels. The support may not be deeper but it will give the relieve for it to have stronger power to pump in case it still have the trend. The pump of bitcoin is getting better visibility, it may not test below $20k this year again. The time of the over-bearish condition was last year and it's gone.
Yes. Correct. Every Coin/token needs a support level to continue its bullish trend, it is also important to consider other factors that influence market behavior. The crypto market is unstable and can move unpredictably. Recent trends show that Bitcoin is recovering from previous lows and has been performing better. However, it is important to remember that markets can change at any time, and whether we are investors or not, we must always weigh the risks and today is still wednesday but if today is friday it will be even worse the correction could be to the price of $19K.
.seems the price isnt really that going that low basing up on the price behavior on which price decrease increments arent really that severe for us to assume that 25k would be soon to be seen.In regarding about Crypto bull run, then its not really that the right time on presuming that this is already happening considering that we are still 1 year far on the halving event which i could say that it would really be that
right time for us to consider whether its happening or not but still we are far away.
Usually bull run kicks in with these time gaps whether month early on halving event or would really be after the event which it do usually kicks in,but honestly which no one really knows on what would
happen in the future.This is why accumulating Bitcoin into these years are still worth to be done so. This is why dont really waste up the time and opportunity on doing so.