3 things:
1) we break a parabolic curve so we can expect a 61% to +90% correction from a technical point of view (already we have done 69% with 6k last dip)
2) I didn't see yet a reduction of volatility in Bitcoin so I think the downtrend will continue
3) I expect this zone to be between 6k$ - 3k$, less is also possible of course but very hard to call a perfect bottom in a krach
4) We often do a V-Bottom in a krach, which create hope everytime..
The most important point to safely buy for long-term is to see the reduction of volatility
I would turn bullish again only if we trade above 12k7 with good volume, no need to enter the train too early, prices levels are only psychological, what's matter is the % of price evolution coming
1) we break a parabolic curve so we can expect a 61% to +90% correction from a technical point of view (already we have done 69% with 6k last dip)
2) I didn't see yet a reduction of volatility in Bitcoin so I think the downtrend will continue
3) I expect this zone to be between 6k$ - 3k$, less is also possible of course but very hard to call a perfect bottom in a krach
4) We often do a V-Bottom in a krach, which create hope everytime..
The most important point to safely buy for long-term is to see the reduction of volatility
I would turn bullish again only if we trade above 12k7 with good volume, no need to enter the train too early, prices levels are only psychological, what's matter is the % of price evolution coming