According to Cointelegraph, trader CrypNuevo stated, "The market has seen a pullback before a broader market rebound, with the focus being on the lows near $90,000 in early December. Now, I still believe we may retest these lows.
It's hard to imagine we'll see a V-shaped recovery from here. I'm more inclined to see a W-shape, or a complete fill of the lower wick. The ideal scenario would be a complete fill of the lower wick, as $90,000 is a strong psychological level."
