it looks like your hope has been lost as today bitcoin is back to $39k with the metric condition indicating it will go down again. but the reduction has not been proven to be wrong or legitimate, but must remain within the reach of careful scrutiny. bitcoin for now does not seem to have strong support from investors and the evidence is bitcoin is back down at $39k for this Friday.
Interesting to see bitcoin going down today, but these are the levels we have seen plenty of time before, as long as it's above 38k+ levels then I am feeling fine as a bullish long term investor. To be fair I wouldn't care if it dropped to 20k and bounce back to 40k in the next few months, I will not sell anyway.
But, there are many people who would lose money and that would be sad, so I hope it doesn't get there. In the end crypto is not something we should be worried in the long run, 39-40k levels are stable and it rarely ever drops from those levels, I doubt that this drop means anything significant or different from the previous drops, probably the exactly same thing.
Im already preparing my stash or wallet whenever the price would be dropping around this area but it seems 38-39k support isnt something that easy to be break yet we've been retesting this area for
how many times but still failed to break and eventually made out some recovery afterwards or making out some sideways movement or stable like kind of behavior which it is really hard to determine
on what would be the possible movement next ahead.
For now, decisions would vary for each investor or trader whether they do wait up a little further or would really be taking up accumulation phase at this point.
