From the start, I thought 27k was unlikely to be a real bottom. And with real bottom I mean the bottom that would kickstart a new uptrend that would take Bitcoin back to 30k.
So knowing that Bitcoin takes roughly 65 days to complete a daily cycle, the bottom of April 23 was not the real bottom. However, I believe that the next one is near. I expect it will happen around mid of May.
Now at what prices can we expect that bottom? I think the worst case would be 25k. Because we're so close to the new bottom, timing the market at this point seems unwise. Especially if you do not have any Bitcoin yet.
So knowing that Bitcoin takes roughly 65 days to complete a daily cycle, the bottom of April 23 was not the real bottom. However, I believe that the next one is near. I expect it will happen around mid of May.
Now at what prices can we expect that bottom? I think the worst case would be 25k. Because we're so close to the new bottom, timing the market at this point seems unwise. Especially if you do not have any Bitcoin yet.