I think the “stability” we’re seeing in the market is a strong base being built on $30K. The dips below are getting shorter and shorter, so there’s clearly buying interest at that level. While I hate to be the guy to say it, I do think that in 10 months from now we will likely never see a Bitcoin price below $30K ever again in our lifetimes.
Seeing how the price has been recovering makes me feel like the latest move downward was an orchestrated squeeze on leveraged longs. Knowing now that Blackrock was entering the space makes a little more sense why something like this would occur. I feel like Bitcoin is under attack right now as the big boys try to take control of the market.
I’m a big In some terms Not in the terms of bitcoin and able to control the market though