BlockBeats reports that on December
BlockBeats reports that on December 23, trader CrypNuevo mentioned that the market experienced a decline before recovering on a broader scale, coming close to the $90,000 level in early December. CrypNuevo believes that a retest of these lows might still occur. A V-shaped recovery from the current position seems difficult to envision.
CrypNuevo favors a W-pattern or completely filling the lower shadow. The ideal outcome would be to fill the entire lower shadow, as $90,000 is a potent psychological level. (Cointelegraph)
Source