“Very weak. I originally had a bullish mindset watching this PA but the response from bulls has been disappointing. I still think we’ll see a bounce from 4k, but it may not continue much further. Let’s see what happens.”
Alex Kruger, an economist and a cryptocurrency trader, also suggested that while the short-term corrective rally allowed the asset to establish a bottom, it has not found a proper bottom in a price range and that a drop below the $4,000, possibly to $3,700, remains a possibility.
