If you are into Bitcoin, you are probably asking yourself where we could see the price reverse. Right now it is trading almost at 23k. Personally, i'm expecting the psychological level at 25k to have some effect, which could bring the price back to 20k to create a new low.
Remember that Bitcoin is a place where you should INVEST, not TRADING. This means a long term target is what you should aim for.
This is pure fundamental supply scarcity, and institutions know this (but not only them now).