Prediction evidence

Al

Alejandro₿TC

@Alejandro_XBT

I actually think $35K is a good buying area, because at that point the downside is much smaller compared to the potential upside. Even if it isn't the ultimate bottom, it looks like a very logical area for at least a strong relief rally. It was actually one of my main targets over a year ago. The only reason I don't think it will necessarily be the final bottom is the broader macro picture. The S&P 500 and Nasdaq are still trading near their highs, and I think they're close to topping out. If equities roll over, crypto will likely suffer another leg down as well. On top of that, I believe Saylor has a serious problem and could eventually become a forced seller. So yes, I like $35K as a buying zone, but I don't think it's necessarily the final bottom.