BTC dipped all the way down to 42k, and bounced back up, which is very strong because it confims the strong support at this level once again. But we maybe could see a break below this level, but this would be the very bearish scenario. I think there are 3 scenarios. The first is we right now go back up and continue the bullrun. The second scenario is that we go down to 42k and then consolidate there before we go to new highs. The third very bearish scenario is that we go to 30k-35k because there is the 0.618 fib level for this bullrun and then go back up.
Hope you learned something!
Hope you learned something!