Besides, look at the chart, it is extremely bearish, and this is not even the time to think of any bullish attempt. Just be patient my friend, we will first see this bearish effect subsiding before we can have any hope in Bitcoin bullishness for now.
yes, Panic selling!!! I think the resistance level of $38k will be retained by the market this week. Panic selling is continuing with FTX- GBTC which is why it happened so quickly since the 42k BTC level last week. Bitcoin ETF is also part of their motivation to accumulate more, and they seem to take this price seriously,... then I expect a big recovery with a green candle very soon. This scenario will soon end this weekend. Prepare DCA plan and be ready to wait for it
38k is the resistance but doesn't look like the bottom either. Too many analyses and this panic sell is making the price dive deeper. There's got to be on 32k that made those guys say it's the strongest resistance which could also be the bottom.