Don't forget that our bottoms are more of a growth indicator than peaks have ever been. Peaks only indicate speculation and hype.
Agreed. If we look at the bottom of last year, before the crazy bull run took off, it was $5550, where this year's bottom stagnated around $6000, which displays a tiny increase if you discard the peak in December. In other words, while people keep talking shit about the market being low and whatnot, we are actually still growing, but just not in their preferred manner. It's too early to call, but if $6400 turns out to be the next bottom, we yet again have grown, and it all fits within current calmer market. Growth is growth, regardless of how people look at things. Pumps aren't growth. People need to understand that.