I've gotta say, the last 36 hours of price action took me by surprise. I definitely thought I felt capitulation on the spike to $7,500. I guess I was wrong. Sentiment seems incredibly bearish, especially considering the fact that we've already dropped nearly 70% from the highs.
Like people never experienced a BTC dead cat bounce before.
The weekly close and the sustained bearishness definitely suggests the possibility of a new bear market. But I'm still sticking with my guns.....there is definitely a mega bounce incoming. And $13k-15k is still on the table.
Whether people dump the bottom first is another matter.
Like people never experienced a BTC dead cat bounce before.
The weekly close and the sustained bearishness definitely suggests the possibility of a new bear market. But I'm still sticking with my guns.....there is definitely a mega bounce incoming. And $13k-15k is still on the table.
Whether people dump the bottom first is another matter.