I honestly think it could because it hasn't exactly retested that area. I personally think it won't go lower than that though. Personally I don't expect a huge pump or long leg up for a few weeks to shake out people.
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My prediction is 41K- 43k next leg up, then we'll see the next leg down. I'm curious as there are quite a few scenarios out there and also testing a few analysts to see who's getting it right, even though there's no way you can predict the bottom with high precision.
we'll discuss after :) We're always smarter in hindsight.
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