We saw Bitcoin price was stable at 30k USD few weeks back and then there is a dip triggered due to some news. Bitcoin in that DIP went down from 30k to 25k and that's the time where your nerves as a HODLER are tested. Its easy to say to HODL but not many can see there investment going down. That DIP is now over and Bitcoin price is moving up towards 30k again. If you have bought Bitcoin when it was down then surely you are getting some profit at the moment. Accumulating more when Bitcoin is down is more beneficial then when its up.
For sure, it seems that the dip from $30k to $25k is over.. but not easy to say with certainty.. since we are currently in the middle of the range.. so no one can really say for sure that the dip is over.. and that $25k support might not be broken to the downside.
It is hard to bet either way, even though sometimes people act as if they know, and then they tell you "I told you so," after the fact... but I doubt that they really know with any level of confidence that maybe at best might get into the 60% to 70% arena before all the events end up playing out.
Sure, from time to time, there are some price set ups that make it seem more likely of one price direction or another in the short-term, but I doubt that we are currently in one of those kinds of a set up.
Right, I quite agree with your assumption, and honestly I would also say the same thing, which seems to be true that the price decline to the $25k area is over, I also won't say that this is certain but it is still speculation and I say it according to the predictions that I know, the last time I saw the price of $25k was at the beginning of September yesterday when the price was in a sideways phase and was looking for indications for the next price formation. One resistance in the previous time has been successfully broken and if we look at the formation of new support afterwards it is much higher than the previous support, and I see the latest support in the short term is in the area or price of $ 26,200.
So in my view just looking at the formation of this trend confirmation is enough to conclude that bullish has begun to dominate and of course that means for the short term or even the next few months the price will not return to touch the price of $ 25k.
It's true like there are some people who say they like to know everything when in fact it is very difficult to fully predict, and maybe even if it can be only a few percent accurate. Honestly in this matter I would not really advise people to follow my way, because obviously everyone's perspective must be different in terms of analysis, and well maybe I'll just try it myself because indirectly it's like testing my own abilities to what extent. And well the point is there will always be a reason why prices can move, or I mean the reason why prices can lead there, and I'm always learning to improve my knowledge in order to find out that reason.