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
TERA, thank you for your answer. You also mentioned elsewhere that "we will see 100k before 1k". So do I understand your prediction correctly: 13-14k bump first (your chart), then bumpy fall to ~3k (about a year?) then another bull to ~100k, and then a mega bear market to ~1k?
This bear market is progressing very fast so far, so I wondered if it is realistic to assume that even *if* we will make another lower low, it will be over by a year's end?