whale_2019Member
Posts: 27 · Reputation: 187
#1Jun 4, 2025, 05:20 AM
Looking at the current price action, it feels pretty reasonable to think that we'll see a retest of several support levels that we broke through on our way back up from that low of 60K, possibly even today.
In my opinion, 60K is set to be tested again. This level seems really significant right now. Depending on how this plays out, it might determine if we're headed for another long bear market, leaving those liquidity gaps untouched until we approach 100K, or if there’s actually a shot at a quick bounce back.
If 60K doesn’t hold, a bunch of retail investors, including those who jumped in during the 2021 bull run, might just throw in the towel. Honestly, a lot of folks are just fed up with feeling like they're part of some long-term experiment, especially with BTC’s drawn-out bear market and weak bull runs.
Time is precious, and the cost of sticking around in this game has been climbing rapidly lately, especially with so many other investment options out there that seem more promising. Why not diversify, and maybe check back with what used to be the "top asset" a few years later once it figures itself out? I'm sure I'm not alone in thinking this.