Bitcoin has bottomed around 58k, and it's yearly low. It appears that the price is bouncing up today, but this does not indicate if bitcoin will rise again. According to the news from mtgox, they would distribute bitcoin to their creditors, implying that bitcoin may face another dump shortly. The huge crash occurred, but it was not as severe as in 2020, when Covid attacked us. And, once again, I expect bitcoin to bounce to $65k because it needs to find support before climbing back toward $70k. 

Finally, bitcoin will utilize 60k as a new floor to remain bullish, and many people believe bitcoin will rise again next year to breach the new ATH, despite the fact that it did so last month.