So we are currently testing the support area for the third time. Historically speaking, the last two times we tested this area, we rallied up to the resistance area between 9k and 12k. However, when a support is tested multiple times, it loses its strength and that is one of the reasons why I, personally, am more bearish than bullish . A lot of confluence is pointing to 3k at the moment, which seems too low are totally unrealistic, but if put in context with the too high and totally unrealistic parabolic rally we had in December, 3k would actually make a lot of sense. If we do visit 3k, think of it this way, you could buy waaaaaaay more BTC at that price! Good luck people!
@First-last, you do realize that we went from 3k to 20k to 5.9k in less than a year right? 3k is not as far off as you might think and is a perfectly normal correction for the 20k rally. I'm not saying we will see 3k tomorrow or next week but it's certainly not completely off the table.