I didn't expect to see it went below 56k

[JeffBrad12]

38k is not possible to be seen again in this month already month has runs out, today is 25th July 2024 so if I'm not mistakenly we have less than 6 days to run out of July to August although anything is possible in the crypto space but it is not certain that the price could drop so low to the extent we would see 38k but however news may carry it to around 60k to 45k but seeing of 38k could be hard.
Instead we may likely see a surge in the market just as we witness it is a price rise back to 68,000 dollars unexpectedly and draw back to 64k currently so likely anything is possible.

$38k will probably only can be seen around bearish time after we're done with all the bullrun.
people who thinks that BTC might hit $38k low for this cycle of bullrun should also know that BTC is more stronger than ever, ETF helps grow BTC market cap and volume and it will not BTC to go below $38k again unless we see another bearish.

If any, $54k again probably possible but that's it, it will be the bottom of this cycle.

[wmaurik]

There is an opportunity for a price below $50k to be reached in the next price correction because price recovery does not guarantee that the price will last as long as above $55k, anything can happen in the crypto market and if you are targeting a price below $50k then you have to be patient waiting for the bearish market price. I think the main key is patience because everyone regrets missing the initial target because they thought that price would never be touched but the reality is that the market can fall below $55k regardless of any issues and cases that affect the crypto market price.

Now those who have bought at $55K have also started to smile again when they see the current Bitcoin price which has increased again to reach more than $68K in the market. This means that in addition to the patience that must be in ourselves, the belief in the increase in the price of Bitcoin at the end of this month must also be there because in fact Bitcoin is already in demand by many people so that it can cause the price recovery to take place so quickly in the same month. And now everyone can probably make another target with a higher price in Bitcoin before entering August this year.