What are the odds of Bitcoin going back below $20K again? Or it hitting a new all-time high this year?

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In my opinion the odds are 50/50 for both questions

Now, it is not strange to anyone that anything can happen in the crypto market, so the market could dump further from this recent dip or pull back, not that I am saying it will but there is a possibility that it can happen but no grantees that it will happen because despite the bearish engulfing candle stick pattern, which indicates a possible reversal because it happened while Bitcoin was pumping, so we still need to hold our horse and wait for a confirmation candle before wishing or thinking the price is about to or going to dump heavy and even fall below $20k.

So until we get a confirmation candle nothing is for sure now, because the recent dip or pullback could just be a harmless retest of the recently broken order block (OB) before Bitcoin will resume its pump again, the dip could just be a means to gather momentum to hit or breakthrough the $25k resistance level. Note this is not a financial advice but my analysis and opinion on the Bitcoin chart/market, now that being said if the bearish engulfing had formed on a downtrend or bearish trend I would have said we should brace for a huge bearish impact because a bearish engulfing candle stick pattern appears or forms in a downtrend that is light out in my opinion, the market will fall like crazy because bearish engulfing on a downtrend indicates the bearish trend momentum is very strong.

As for Bitcoin hitting a new all-time high this year, we would all have to wait and see what would happen as the year goes on, but there is a huge possibility that it will happen this year because this time is different because the fear level is low and the level of confidence in Bitcoin is high for long term holders especially since El Salvador the first country to adopt Bitcoin as legal tender was able to pay it's $800 million debt in full with interest despite all odds and people saying that their Bitcoin bet will make the country poor and default on their debt payment, which will put them in huge debt problem.

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