To me it seems like we may be heading down to our lows in February around the $6,000 level. This is a very critical level that must hold if we want to see any form of recovery soon.
Support is currently being shown on the upward trendline I have drawn, this may force an upward breakout within the coming week or two.
Fundamentally, we also have over 60 crypto conferences coming up in May - this caused a big upward movement last year where we saw the entire marketcap double in almost a month. These next few months will be very critical for Bitcoin so keep an eye on the charts.
Support is currently being shown on the upward trendline I have drawn, this may force an upward breakout within the coming week or two.
Fundamentally, we also have over 60 crypto conferences coming up in May - this caused a big upward movement last year where we saw the entire marketcap double in almost a month. These next few months will be very critical for Bitcoin so keep an eye on the charts.