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?
how can he predict that bicoin will fall to $50,000 the very extence of his knowledge about bitcoin in questionable. during this period that of bitcoin popularity people like this emerges to get victims that the can trap with misinformed analysis. the battle against fud is a formidable one that needs refined techniques so you dont dance to the rhythm of panic move.