Monthly close today is huge
What do you make of it? It's almost a perfect spinning top doji. I take that to mean shorter term market indecision. https://www.investopedia.com/terms/s/spinning-top.asp
In the first half of 2017, we saw multiple similar dojis followed by severe shakeouts (March-April, June-July), even though the broader market trend was ultimately bullish. I wonder if we're looking at a similar situation now.
That wouldn't surprise me in the least
Plus if you view the situation from a fundamental standpoint, Bitcoin is still very small. How many actual, dedicated users does it have? Less than 1% of the global population, but it's priced at "only" a 5-figure valuation.