Last time it breached the 200EMA within 9 weeks of ATH was in 2011 and it wasn't as deep.
TERA, you mean a long-term bear market is coming? If so, what is your bottom target: 3.5-4 or closer to the previous ATH, 1.5-2k?
I still believe in at least 13-16k bounce short term, price is recovering nicely so far, albeit slowly. I read the recent price action as an accumulation by big players.
Ive been saying for months there would be a bounce from 5.5K to the low teens before proceeding with the bear market. The next bottom after that would be 3K. However, it could take a really long time and there would be other bounces off 5.5K first.
Ya sure I remember at 20K this board had said bitcoin had matured yada yada and the 'big players were accumulating and manipulating it down to 16K'. As if the world's brightest investors hadnt bought at 1K and below and were suddenly interested at buying at a 1600% premium on top of a bubble at ATH. lol. Dont buy all the bull