This area should have lots of support and buyers coming in. Best case scenario is that we bounce from the $5k level and start the next bull run that will get us up to the $15k levels by Q2 -
Q3 We should experience a retest of the $7500ish area with a then massive bull run into Q4 to put us near the ATH .
Our worse case scenario is that we bounce from the $5k then fail a retest of the $8,500-10k area and come back down to the $3,000 level fail at the $5k and retest $1,800. This scenario is unlikely. I would say 18-23% likely hood.
This is not to be used as trading advice, just some friendly charting!
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