Is the bottom in?
Yesterday it was still ongoing but today we can confirm: Bitcoin has made a new 2023 high and is now trading between 24-25k. This is the highest price level since summer 2022. The probability that the bottom for Bitcoin is in has tremendously increased, I would say it is at least 70-80%. People are still in doubt if the situation is sustainable but step by step investors seem to come back into the market.
Consolidation likely
After the impressive current pump of ~60% from the low in November it is likely that we will consolidate back towards 20-22k before we return to climbing further.
What do you think?