But I wonder how it could hold at ~27k? I mean who would buy at that range?! You'd basically buy at a confirmed head and shoulders pattern as well as a death cross. Don't think there are so many courageous people out there :D
There is literally no support at under ~29k until 23k.
Massive support comes directly from the alt market and some of the most bullish on-chain analysis we've seen. It can't be shown on a price chart of Bitcoin. It comes from bots and holders. No one is willing to sell down to that level until the end of the year proves to be a dud.
makes sense, although I'm skeptical!