This last month drop seems to be unprecedented from a BETI chart perspective. Almost all drops of 50% have had a sharp rebound almost immediately afterwards.
I feel like the next few weeks will try men's souls. If you thought the Bitcoin death knell march was loud before... I get the feeling we are heading for a cacophony of haters coming in below $3k.
Now I look at it carefully, yes, that is true. A bit worrying, although maybe it can mark a local low on the chart.
A rebound to 5k now would be comforting, but even then, this bear market has a lot longer to run, as it hasn't completed it's work.