I get that we are not doing something extraordinary with 40-50k movements, it goes down and up and down and up constantly and that is totally similar to the 30-40 we were in between just a month or two ago. However we should realize that last time it resulted with a big increase later on, suddenly from 30k to 45k, why not have the same thing, goes down to 43-44k and then suddenly goes to 55k+ prices? It could totally happen and in that case the increase will continue down a lot. We are getting to that last quarter bitcoin loves so much, anything could happen.
Although,,, from the perspective of the bear, it is quite extraordinary to see Bitcoin hold so long in this range, and inching slowly up in the range. This is not good from their considerations as they would prefer to see Bitcoin rush up so fast that it cannot hold on to a bigger and stronger support. This way,,, when they try to sell big, the support is so strong bears wear themselves out more easily.