So when in the world will we break out of this bear cycle? When do you think it will end? This is a good opportunity for those who do not already own, but I don't know about you but I want it to go beyond $20k already. I guess we'll let more people in now so we can go up to that next level of a bull run... Cryptoverse only knows.
Why do you say we are still in a bear cycle? I think we are just in normal daily consolidation right now. Don't forget we went as low as $5800, and then we started to slowly recovering and went as high as $11700. We even had a small bull run of 4 days in a row, that didn't happen in a long time, and we are not seeing some consolidation from that run. This is perfectly normal in any market. As long as we don't go bellow $8390, or $7800 if you want to give a little more room, we should be fine. Hopefully we pulled back to $9700 and that is our new resistance point. If not, we still have some room to those values I've mentioned. We will take some time to break the $12k, but there is no reason to believe that we are not getting there.