The market moment we're in has found its support at the peak of 2017's Bull market.
There are those who think that it can still go lower, but the majority agree we have reached a bottom as the selling pressure is losing momentum.
Theoretically, if Bitcoin is able to hold the support at the peak of 2017's bull run, we may see a reverse in the bearish momentum and the start of a new accumulation phase.
I say this phase has already begun. So, what do you guys have to say?
This accumulation phase might be the biggest one we've got because I think we still have a bit more leg down side to go from here which will extend till 2023, looking at the Fundamentals of Bitcoin right now no changes yet, The Fed is still raising interest rate and rolling off its balancsheet and the market is taking a hit , Therefore we need to see the fundamental holders of Bitcoin to start getting stronger and stronger again , that will be the start of a new bull market from my perspective.