Reversal potential is not taken seriously

2021年4月27日

It is not yet confirmed. As long as it struggles below 57.5K , nothing is for sure, especially if you plan on going with margin/leverage trading, you're on your own. There is still a pretty good possibility for the price to sink again, this time even to 41k to be the minimum, mainly because of two reasons - 1. It was the ATH of 6th Feb. 2. If it sinks that low, it's the 30% correction that ocurred last year and did not happen this year - therefore, correction might not be over yet. And the third reason might be the fact that two days later, on 8th Feb, Elon bought 1.5B of btc. This is also why i believe it will not sink lower than that.

Tread lightly, this being just a personal opinion, not financial advice. Do your own due dilligence! Cheers.