Like everyone else, I've been watching BTC the last couple of weeks to see if it will return to $3,200. Some were hopeful that the brief green we saw was the turnaround but I was pessimistic and expected a return to low $3k and possibly more.
But, judging by these wicks and the attempted dumps that have failed and shown some decent rebound in price (and volume) it is looking more and more like we're near a bottom - at least for the short to medium term.
Thoughts? Even if we are at a local bottom for now, I'm not saying this will lead to some miraculous turn around, I don't see the price reaching another ATH for quite a long time (years), but judging by the price action recently it would appear we stay in this range for some time longer (similar to the $6k mark where it was sideways for a while)
But, judging by these wicks and the attempted dumps that have failed and shown some decent rebound in price (and volume) it is looking more and more like we're near a bottom - at least for the short to medium term.
Thoughts? Even if we are at a local bottom for now, I'm not saying this will lead to some miraculous turn around, I don't see the price reaching another ATH for quite a long time (years), but judging by the price action recently it would appear we stay in this range for some time longer (similar to the $6k mark where it was sideways for a while)