Please all imagine those giant green candles that are ready to pop up when "institutionals" will get officially on board. Everything happens for a reason and I think this got well planned all along. The parabolic rise in 2017 was unreal as this 2018 drop.
Expect fireworks when Etfs and bakkt shit will take off.
That's how I see it.
Bitcoin is an asset for the institutionals. They can't control the instrument (they don't even get it) but sure as hell they can control the price.
Am I being dumb here?
My feeling is pretty much the same. After the huge drop at the end of 2017 I was sure the price would have reset in order to be feasible for many other players to get into the game, new players more organized and aknowledged.
But we shouldn't be too bearish, a price under 1.5k it's unrealistic to me. Institutions want a cheap price to get into the ship with force but they don't want a price that would be affordable for the regular person that is feed by bread and tv. Those people have been already squeezed and scared throughout year (I did some mistakes as well)... now they claim BTC it's pretty much a bubble!
But this is just cycle, they are planning another blast off.