Honestly, I think it is time I asked this question should we be expecting another bounce from the $18k support level or a break below the $18k support level?, because despite the fact that the $18k support level had held its ground beautifully so many times and am fairly sure it would hold again this time as the market has drop from $20k which it was something yesterday back to the $18k level again, which is still a safe range by the way for the price of Bitcoin to be above but as a crypto trader who loves to always be already for whatever the market is going to throw at me, I would not turn a blind eye to the fact the bears have been retest the $18k support level a lot in the past few weeks.
Which if you think about it logically it means that it is either the $18k key support level is incredibly strong that is if it doesn't break this time, or worst case scenario it is weak now from all the multiple trials to break below it and might actually break below it, which I bet a lot of crypto critics and haters would love to see happen but we crypto lover, traders and investors would not like that very much but it will still present an opportunity for those that still have the money to buy the dip to do so, and this time they would be buying the dip lower than they have before which means more profit for them during the bull market.
But for people like me who honestly at the moment are tapped out on all the funds kept to by the dip, we would just HODL and enjoy the ride going down to any level and coming back up, because for a fact we all know that the crypto market will most definitely recover someday but I hope it comes soon though.
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Look out below. Problem is liquidity. New money to support crypto or anything at this very moment is scarce.
True, but let's see watch happens next