As you all know, we are in a multi-year bear market, very similar, in form and content, to the one of 2013-2015.
that's what i was betting on a few months ago. but this ranging in the $6000 area quite reminds me of ranging in the $200s in 2015. a multi-year bear market would be appropriate, but it's not set in stone.
Recently we had bearish news in CNBC, which indicates a capitulation is near. Perhaps we are already in capitulation phase and the sheeple are already selling and going back to their hyper-regulated stock markets.
I created this pool to collect some opinions.
if you end up being right about a multi-year bear, i'd bet on "$2800 by mid-december" being the closest. in 2014, we had ~ a year of bear, then ~ a year of sideways. $3000 looks like a magnet, and any good capitulation should wick below support.