$BTC after a large move down, people are desperate to call the bottom....they struggle to believe that their position can go lower.
You need to understand support and resistance levels first After the 200 Day MA was lost (we alerted this before it happened) the price fell hard
Now, the price action has bounced to retest the 200 Day MA from below, its at $58,600 now.
Only when the 200 Day MA is recaptured now can we assume that a reversal is possible....if the price rejects at this level, then $51k is next. You can't wish for a bottom.
