I assumed Bitcoin to reach the mid to upper 9k's this week. However, Bitcoin doesn't seem to be as strong. I sold most of my crypto positions and am currently sitting on 95% cash. I expect a another huge drop to the 3k area in the next few weeks or even months (clearly a bearish market since x-mas) until it reaches the old support it touched last on July 16, and thus returns to the mean.
Stay alert and good luck.
Stay alert and good luck.
Bitcoin has found great support around the 6.5k area, and the whole crypto market overall seems to reflect stronger bulllish sentiments. In the current situation the chance that the bottom has been reached has risen significantly; I ecpect one more small drop to the support and then may start buying if the support holds.