He noted how bitcoin has corrected 15% from its ATH already and if this continues we might see bitcoin start the bear market starting from next year. He also noted how this cycle can't be judged the same way as previous ones because of involvement of ETFs and other major investors.
Yes, but do you think this is bearish or bullish? Because I think it's quite bullish. If this were the case, the price should moon, because those institutional players are buying in large quantities to HODL.
The problem with this guy is that he mixes a fact that would be more of a fundamental analysis, like this one, with his technical analysis. I would bet quite heavily that bitcoin will not fall to $50,000 as he predicts in one of his scenarios.
Anyone want to bet?Bicoin has passed that stage for such dump of $50,000. This is not about the psychological aspect but considering the valid effects of the institutions who has so much invested agressive in the short come of this very cycle. I am either not going to exergerate what price it will fall then. Maybe we can discuss that after the bullish season is over in their cycle so that we can derive our logics from the Ath and to express what bottom it will fall in the bear.