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It is possible. According to some videos I saw and some analysis I have also seen, it will depend on what happens (if it drops) at the 30k level. If it fails to keep it then the bull traders might capitulate and if it doesn't then the bears might.

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I think this idea is a bit longer term. Wherever we bottom, that is probably the last time at those levels. We might never see $20K again which was the all time high for a long time.

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