IMO, 30k is the line in the sand. If it holds support then a new ATH this year or early next is possible, if not, probable. Most ALT coins should follow and likely perform better, as always. However, should price action break down below it then, it will likely add at least 6 months to a year or more of down trend; officially solidifying a bear market overall; with Alt coins suffering worse. There will still likely be one or more bear market rallies to the middle or top line of the 5 day Gaussian Channel should an extended bear market play out. Also look for rejection from these levels should we have a failed rally before price falls below 30k. One the bright side for the short term, we have not seen green on the 5 day MFI since last year this time.
One thing is for sure, Crypto always seems to surprise everyone eventually.
This is not financial advice. I am not you financial advisor. Please consider using one my my referral links below for free crypto.
One thing is for sure, Crypto always seems to surprise everyone eventually.
This is not financial advice. I am not you financial advisor. Please consider using one my my referral links below for free crypto.