Just thinking aloud here, god awful price. Really looks like someone is just trying to push the market down time and time again. In the mean time on-chain data is still pretty positive, how long can this divergence last I wonder. Keep thinking we should see a move in January at least, but the price isn't making much sense to me anymore.
I don't know, wasn't the 2013 top in November and the 2017 top in December, that would place the next top in January.
I'm not ready to give up the four year cycle theory just yet, If we still haven't had a blow of top in march I'll abandon it, but not before that.
It took three weeks to go from $40k to $65k, after half of china dropped out of the market.
Imho this is doable, but the series of pullbacks is already lasting for two months now, which just don't show the same dynamics compared to September (-$10k in 23 days).
To me it looks like we're already out of cycles quite a bit, so a delayed 2022 bullrun to or over $100k would be in the cards as well. I don't expect anything but not to fall much under $30k, but you know King Daddy, doing what nobody was expecting him to do...
@Bob: Year of the crab? Waddayamean?