Will Bitcoin's Dive to $23k Ignite a Skyrocketing Comeback?
At the moment, Bitcoin is testing a critical liquidity level that serves as support. Below the support level, there's a liquidity gap, which means that if the support doesn't hold, the price can drop quickly to lower liquidity levels.
It's difficult to predict whether the support will hold or not, as we'll have to watch it unfold. Personally, I would like to see the price drop to the 23K - 25K range, with the RSI exiting the oversold territory. As a result, the market would cool down and potentially resume its growth towards the 35k - 38k levels.
It's difficult to predict whether the support will hold or not, as we'll have to watch it unfold. Personally, I would like to see the price drop to the 23K - 25K range, with the RSI exiting the oversold territory. As a result, the market would cool down and potentially resume its growth towards the 35k - 38k levels.
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