Now the BTC price is $20,125.73 It is not impossible that Bitcoin could drop below $18,000 or $19,000 again at some point this week. But it looks like Bitcoin is following a classic technical pattern, labeled the “Ascending Triangle,” which could signal a larger uptrend in the longer term. Even if that doesn't happen, a rebound from this level seems likely especially if you look at other major assets. With that in mind, don't panic if the recent crash caused Bitcoin to drop below $18,000 support.
Don't be very confident though, yes, it's good to see that the price is above $20k, and as we have said, this is the biggest support that we have and we are glad that we go back again. But it doesn't mean that we won't fall around $18k-$19k. Of course, just by looking at the historical price movement, it could be in a massive bull run in a long term. But it will take years as I think that we will still be seeing a bearish sentiment till next year. And so I'm expecting the worst still going to come. And it's better this way, at least not expecting something big to happen at the end of the year.
