I received that question many times during the last weeks. After the big drop from the top at $64K, the social mood of crypto-investors became dark, also pushed for media and negative feedback to crypto sustainability. But Bitcoin wallets continue growing, and waves are telling us this is only a corrective phase within a much bigger cycle. There are chances to see the cryptocurrency above $100K, and as always, the investors' mood will switch drastically from negative to very positive. At this moment the overall trend showed in the dashboard is sideways, and chances for new lows are possible, but there is very strong support around $34K that you should pay attention to. The key level for this corrective sequence is at $18K.
Fintbi.com