The market is currently filled with bearish sentiment, and most people believe that BTC will drop to 55000, with some even predicting a range of 45000-50000. The panic emotions are at their peak.
However, I have my own judgment; the bottom is likely to stay above 40000, but it will definitely go below 60000, and it may even hit lower prices.
After all, the rules of this market have always been like this: unless the panic selling is completely washed out and the idea of bottom fishing is eliminated, how can more capital be encouraged to enter and take over? The real bottom is always emerged through endurance.
